Construction glass shortage forecast for 2005

Viet Nam will face a shortage of around 10 million sq. m. of construction glass by 2005, forecasts the Ministry of Construction (MoC).

The country will need approximately 90 million sq. m. of construction glass by 2005 while the total annual capacity of glass factories is currently only 80 million sq. m., the MoC said, adding that the demand will rise further to 110 million sq. m. by 2006 and 150 million sq. m. four years later.The MoC blamed the future shortage on rapid increase in domestic demand and financial difficulties facing projects to build or expand glass factories.It also cited smuggling and trade frauds, which accounted for around 40 percent of last year’s total imports of 10.2 million sq. m., as factors hindering investment in glass production. - Enditem

600450 Construction glass shortage forecast for 2005
Date: 20 October 2004

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Christmas got a little bluer for the local glass industry this week with the closure of yet another plant.

Add new comment