Chinese glass maker invests $312m

Hebei Xintai Jingniu Group of China recently signed a contract to invest $312 million in a glass manufacturing facility here.

Subic Bay Metropolitan Authority Chairman Feliciano Salonga and SBMA Administrator Armand Arreza and Hebei Jingniu president Wang Chang Lin signed a 50-year lease contract covering a 32-hectare industrial estate here, authorities said.

Arreza said Hebei’s project would create 3,000 jobs for residents of communities around the Freeport zone. Hebei will produce rolling crystallite glass and coated float glass for exports to Europe, Asia, the Americas and Africa.

Salonga welcomed Hebei investments, saying they indicated investors’ confidence on the Philippines and President Gloria Macapagal Arroyo.

“First, there was Korea’s Hanjin that will build a $1-billion shipbuilding facility and now we have Hebei of China,” he said.

Salonga said the entry of the glass manufacturing firm would strengthen trade relations between the Philippines and the People’s Republic of China.

Read the entire news on the source link below.

600450 Chinese glass maker invests $312m glassonweb.com

See more news about:

Others also read

Peng Shou Visits KCC Corporation (South Korea)
On the afternoon of July 16th, 2018, Peng Shou, board chairman of CTIEC, was invited to pay a working visit to headquarters of KCC in Korea.
SentryGlas® delivers clarity, strength and safety at Shum Yip Upperhills
Laminated glass using SentryGlas® was chosen for safety and insulating glass was specified to improve thermal performance.
Check out the exhibitors at ASEAN's largest glass show, Glasstech Asia 2018 & Fenestration Asia 2018!
Malaysia International Trade & Exhibition Centre (MITEC); Kuala Lumpur; 14 - 16 November 2018.
CTIEC Signs General Contract of Pakistan  Waste Heat Power Generation Project
On July 9,2018, the signing ceremony of general contract project of installing waste heat generation facilities for two float glass production lines (450t/d+550t/d) of GhaniGlass Co. Ltd. (Pakistan) by CTIEC was held in Shanghai.
 LandGlass Glass Tempering Furnace in Iran
TJK is a well-known industrial enterprise in Iran. The company is equipped with a LD-AB F&B Bi-directional glass tempering furnace made by LandGlass.
LandGlass Glass Tempering Furnace in Turkmenistan
In ANYK TEKLIP’s facility, a LD-AC F&B Bi-directional glass tempering furnace made by LandGlass is running day and night.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

Add new comment