Chinese firm putting up $300-M glass plant in Subic

The project is expected to create about 6,000 new jobs -- 3,000 during construction, 2,000 in production, and 1,000 for administration, the statement said.

Last February, Hebei Jingniu president Wang Chang Li said his company had chosen a suitable site for the factory near the Subic Gateway District of the free port.

The glass plant will need at least 100 hectares of industrial flat lands for structures to produce high-tech products such as rolling crystallite glass and coated on-line float glass.

Hebei's output will be exported to at least 50 markets in Europe, Asia, America and Africa.

Company officials said the company's products were up to eight times more wear-resistant than alloy steel and up to 25 times more corrosion-resistant than stainless steel.

They said Hebei output are "very suitable" for use in industry and as building materials.

The company also produces float sheet glass, solar control reflective glass, and multi-colored rolling crystallite glass with various specifications.

The project is one of several conceptualized during President Gloria Macapagal-Arroyo's visit to China in 2004. Hebei officials said at the time that they were interested in putting up a business park that would include two on-line production lines for coated float glass, which is coated while it is being manufactured, two lines for rolling crystallite glass, one deep-processing line, and a line that could combine the first two.

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600450 Chinese firm putting up $300-M glass plant in Subic
Date: 25 April 2006

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