Chinese Firm To Establish $ 43 Million Float Glass Manufacturing Unit In Pakistan

China Building Material Industrial Cooperation (CBMC) will establish a Float Glass manufacturing unit in Pakistan in collaboration with National Police Foundation.

The project cost is estimated at $ 43 million which will be Jointly shared by National Police Foundation and CBMC.

A delegation of CBMC called on Minister for Industries and Production, Liaquat Ali Jatoi here Wednesday and apprised him of the salient features of the proposed project.

Float glass is a new technology and the project will be first of its kind in Pakistan.

Presently, Sheet Glass is being manufactured in the country With production capacity of around 114 thousand tons per annum. The proposed unit will produce 50-60 thousand tons of float glass per annum.

After meeting the country's requirement of about 40 thousand tons, the remaining production capacity will be utilized for export. The Minister for ndustries and Production welcomed the project proposal and assured full support in the establishment of the proposed unit in Pakistan.

The Minister stated that Pakistan and China enjoy very friendly economic and industrial relations and cooperation in the implementation of a number of projects including Gwadar Deep Sea Port.

The project will help upgradation of technology in the country and processing of 100% locally available raw material, silic, a sand from the Mansehra area, and locally produced Dense Soda Ash.

The Minister for Industries and Production also highlighted very liberal industrial policy being pursued by the Government of Pakistan for economic uplift of the country.

The Minister reiterated his Government's commitment for promotion of joint ventures with China based on co-financing, co-manufacturing and co- export.

The Minister hoped that the forthcoming visit of the Prime Minister to China in the last week of this month, will further strengthen Brotherly relations between the two countries and our mutual cooperation on Investment will be further expanded.

600450 Chinese Firm To Establish $ 43 Million Float Glass Manufacturing Unit In Pakistan
Date: 7 March 2003

See more news about:

Others also read

Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.

Add new comment