Price of of glass is set to go up in 2003

Date: 3 April 2003
Source: Glass Digest Magazine

Date: 3 April 2003

Fuyao Glass Co held a meeting at Tongliao city with its major customers. This meeting was concluded successfully on 14 Feb.

It is decided in the meet that the price of 4mm flint float will be raised to 12 Yuan per sq m for regular customers and 12.50 Yuan per sq m for walk-in customers with immediate effect. This is limited to only 9000 tons of stock. From 1 March, the price will be adjusted 0.5yuan upward for every cycle of 15 days. The balance of the stock will be released for sale in Sep when the price is expected to peak countrywide.

It is reported that Shanxi ShenMu JingNiu Glass Ltd is selling its 4mm float at 11 Yuan compared to 9.70 Yuan just before the Chinese New Year. The price of 5mm is going at 13.50 Yuan. It was 12.50 before Chinese New Year. Moreover, the company has stopped collecting deposit from traders, a sign of further price increase next week.

In Qinghuandao, most glass factories led by Yaohua Glass Corporation, have decided to increase their price tag next week.

It is foreseeable that the prices of glass are recovering very strongly in 2003.
600450 Price of of glass is set to go up in 2003 glassonweb.com

See more news about:

Others also read

MORE...

Emirates Glass wins major deals
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Secures New Bank Loan and Equity Financing Agreement Led by Needham & Company
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
KUB accepts Nippon Sheet Glass offer
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Micro-Tek Canada, Inc. and Co-Ventures in Glass Containers, Ltd.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
Autoglass maker dumps dumping charges
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
History of Glass Wine Bottles
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.

Add new comment