Glass surplus puts brakes on new projects

Construction glass makers are lobbying the Government to suspend the licensing of new glass-making projects until 2010 amid concerns of an imminent surplus crisis in the domestic market.

In a proposal sent early this week to the Prime Minister, the Viet Nam Construction Glass Association argued that given the industry’s current production capacity, the domestic market could be saturated within five years.The association’s chairman Tran Quoc Thai suggested the Government should not license new foreign-invested or joint-venture projects for the next five years, and that private investors should be made aware of the market situation.

Thai requested relevant authorities to crack down on smuggling, and called on local producers to focus on upgrading technology, improving quality, diversifying product ranges and driving up glass exports.

The association’s statistics reveal Viet Nam now has 7 large production lines which rolled out 75 million sq.m of glass last year, but a huge inventory of 25 million sq.m had built up because of tailing demand.

The construction of two more large glass-making facilities is expected to exacerbate the situation. The Truong Son Glass Plant, with a 12 million sq.m annual capacity, is expected to be operational this year, while construction work on another in southern Vung Tau City, with potential to add another 29 million sq.m of glass a year on the market, is scheduled to be completed next year.

Read the entire news article on the source link below.

600450 Glass surplus puts brakes on new projects glassonweb.com

See more news about:

Others also read

How Suntuitive® Dynamic Glass was implemented at the University of New Mexico Anderson School’s new McKinnon Center for Management
SOLARBAN 60 STARPHIRE glass supports unique forested atmosphere inside new glass-domed headquarters.
Topglass has completed works on project Bon Secours for Nautic.
The AMG Frameless Glass Balustrading was chosen by Architects and Developers due to its contemporary aesthetics.
The architect selected Guardian SunGuard® SuperNeutral® (SN) 70/37 on Guardian ExtraClear float glass for the glazed façade, windows and impressive-looking atrium.
The newbuild of office building ICW 8 marks the provisional conclusion to the expansion of the InnovationCampus at the Forum AutoVision of Wolfsburg AG.

NEWS RELATED PRODUCTS

sedak GmbH & Co. KG
sedak GmbH & Co. KG

Add new comment