China's flat glass industry reports 62% decline in profits for 1st half

Date: 20 September 2001
Source: FT
China's flat glass industry reported profits of RMB238m for the first half of 2001, down 62 per cent year-on-year. The decline in profits was attributed to the construction of redundant projects in the industry, which caused market supply to exceed demand.

The country's production of flat glass reached 97.44m standard weight containers in the 6-month period, up 15.87 per cent. Prices for glass averaged RMB65 per standard weight container, a decrease of RMB10 compared with a year earlier. China's newly-added production capacity has reached 71m standard weight containers since the beginning of 1999, accounting for 33 per cent of China's total production capacity in the year 2000.

600450 China's flat glass industry reports 62% decline in profits for 1st half
Date: 20 September 2001
Source: FT

See more news about:

Others also read

Nancy Adkins, a logistics load planner at Atofina Chemicals, will represent the Union Pacific Railroad Company in the Olympic Torch Relay.
Rohm and Haas Company said it expects to report fourth quarter operating results of $.19 to $.21 per share, in line with the current First Call consensus of $.21 per share. Chairman Raj L.
Italian glass manufacturer Venini is once again in Italian hands. The company, which was acquired by Danish giant Royal Scandinavia in 1998 from the Gardini family, has been acquired by Italian Luxury, the company set up as part of a strategic alliance between Venice-based businessmen Giancarlo Chimento and Giuliano Tabacchi.Italian Luxury was assisted in the operation by Milan-based merchant bank Mediobanca.
Dear Visitors,GlassOnWeb's News service is taking a break during the holiday season!The News service will resume January 2nd 2002.
Dr. L. Louis Hegedus, senior vice president, research and development for Atofina Chemicals, Inc., has announced that 24 researchers from the Company’s research center have been granted patents for 2000 and 2001 from the U.S.
At a ceremony in Paris, the French Minister of Environment, Yves Cochet, presented to Rohm and Haas Lauterbourg the “Entreprises & Environnement” first Prize award in the field of eco management.

Add new comment