Fuyao Glass To Build Plant In Russia

Fuyao Group will spend US$200 million to build an automobile glass production factory with annual capacity of three million units in Kaluzhskaya, Krasnodar Krai in western Russia.

The factory’s first phase is scheduled to be operational on December 1 2012 and will reach designed capacity by February the year after.

The factory will initially process glass produced in China and will produce safety glass in ensuing stage.

The factory will benefit from local tax benefits. Shares of Fuyao Glass Industry Group (600660) shed 0.41 percent to close at 9.75 yuan today

600450 Fuyao Glass To Build Plant In Russia glassonweb.com
Date: 22 June 2011
Source: www.capitalvue.com

See more news about:

See more from these topics:

Others also read

For the first time, LandGlass presented both of its core products.
AluK will showcase its superior, top-level products, and share its expertise in the field of windows and doors.
China Ginza Tokyo is a luxurious and unique building expressing the spirit of Chanel through a façade generating images and acting as lighting for the building.
Moen Glass PTY LTD, based in Victoria, Australia, was incorporated in 1984. It is a family owned manufacturing company, dedicated to servicing the glass and window industries throughout Australia.
China’s largest glass manufacturer is planning to raise its investment in Malaysia by 100% to US$400mil (RM1.6bil) and to set up its overseas headquarters in Kuala Lumpur, group chairman Ge Wenyao told visiting Malaysian minister Datuk Seri Ong Ka Chuan.
Located in Luoyang, China, LandGlass Technology Co., Ltd. was formed as a high tech enterprise specialized in the development and manufacturing of high quality innovative glass tempering furnaces at first.

From industry

Add new comment