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
Date: 3 April 2006
Source: Vietnam News

See more news about:

See more from these topics:

Others also read

The new Dusit Hotel will incorporate the ventilated facades of Sistema Masa in its design and construction.
MVRDV has been selected by Maarsen Groep for a new 50,000 m2 mixed-use tower complex marking the third phase of the Weenapoint development in Rotterdam’s Central District.
Macro, Mace’s facilities management division, has been appointed to manage The Crest, a luxury residential development of 765 units across six towers in DLF5, Gurugram, India.
Walker Glass manufactured a low-iron glass with white, backpainted and bronze-tinted mirror with a satin acid etch applied.
AGA hospital is the largest hospital in The Hague, in The Netherlands. Renovated and enlarged with the addition of a new, modern building, it has been further enlarged at the end of 2017.
Floor-to-ceiling glass introduces natural lighting and frames a spectacular view of downtown Boston, relating the contextual design to the waterfront skyline.

Add new comment