Bangkok Glass diversifies

Bangkok Glass Co is diversifying into floating glass products in order to avert a slowdown in the glass package market, which is nearing saturation.

President Pavin Bhirombhakdi said Bangkok Glass is looking to develop high-value-added floating glass products such as glass building materials, printing glass, solar panels and speciality glass.

The project is expected to be completed after its new 5-billion-baht floating glass production facility in Prachin Buri close to Bangkok.

The plant is currently under construction and likely to be completed and will starts commercial operations in the third quarter of this year, with a production capacity of 219,000 tonnes per year.

"We expect that within five years our revenue from floating glass will share nearly 40% of total revenue," Mr Pavin said. "In contrast, glass packaging will generate a smaller proportion, around 50%, down from the current 85%." 

Last year, Bangkok Glass partnered with Swiss-based Glas Troesch Holding AG, a specialist in high-value-added floating glass, to obtain the technological transfer necessary to make this move. 

Read more HERE.

600450 Bangkok Glass diversifies
Date: 13 February 2017

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