China's 11th Five-Year Plan Period Will See Further Opportunities For Innovation In The Glass Industry

Research and Markets has announced the addition of China Glass Industry Report, 2006.Along with the ascent of industrial profit since 2003, the glass industry became more attractive, surging up a new-round of investment from 2003 to 2005.

Since the construction cycle of glass production line is around one year, newly-added production capacity would emerge between 2004 and 2006. This expansion of production capacity is mainly in South China and East China; most of production lines in the East China were constructed and started operations in 2004 while the release of production capacity in South China mainly happened in 2005. Guangdong is the province that gathered the most newly-added production capacity in South China.

The concentration degree of flat glass production was further improved in 2005. There were only 4 flat glass manufacturers with annual output over 5 million weight cases in 2000 while the number reached 24 in 2005 with output accounting for 52.21% of the total. The annual output of 11 enterprises (groups) including Harun achieved more than ten millions weight cases, accounting for 49.05% of the total.

The national output of flat glass was 365.7 million weight cases in 2005, increasing by 17.12% compared to 2004. The sales revenue of whole industry reached RMB 30.2 billion with a yr-on-yr increase of 12.64%, but the cost rose by 28.23%, far higher than the income growth. The gross profit achieved RMB 879 million, decreased by 68.22% than 2004.

China imported flat glass of 26.389 million square meters in 2005 with import value up to 334.7849 million US dollars at average cost of 12.69 US dollars per square meter. Compared to 2004, the import amount decreased by 37.40%, import value increased by 68.37% and average import price rose by 2.97 US dollars per square meter. China exported flat glass of 185.394 million square meters in 2005 with export value reaching 454.7432 million US dollars at average cost of 2.45 US dollars per square meter. Compared to 2004, export amount increased by 38.45%, import value grew by 38.54% and average export price remained the same.

In 2006, Chinas glass industry was still confronted with many contradictions and pressures such as unbalance of supply and demand, restriction of resource environment and high price of raw material. During the 11th Five-plan period, we still see a wide space for development of ultra-thin, ultra-clear float glass, glass deep-processing and energy-saving glass.

The report date sourced from the National Bureau of Statistics, China Customs, Bureau of Statistics of Light Industry, Industrial associations and related industrial research institutions. Instead of the study and discussion of relevant technologies, this report brings forward the investment opportunities and development trend through analysis on production, product structure, import & export and operations of domestic key glass enterprises. It deserves to be referred to by manufacturers who are prepared to enter Chinas glass market, import & export companies and investors.

Read the entire report on the source link below.

600450 China's 11th Five-Year Plan Period Will See Further Opportunities For Innovation In The Glass Industry glassonweb.com

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