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 glassonweb.com
Date: 7 March 2003
Source: Paknews.com

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