Taiwan Glass to produce glass for touch panels

Date: 7 June 2011

Taiwan-based Taiwan Glass Group is set to produce glass for touch panels due to the increasing demand for smartphones and tablet PCs.

Sales of fiber glass account for 40% of total revenues currently, however, Taiwan Glass stated the future direction of the company should be research and development of glass for high-tech products. Taiwan Glass indicated it plans to set up production facilities in Taiwan and China, aiming at the potential of the touch panel market in China.

According to Taiwan Glass, fiber glass accounts for 42% of sales, while flat glass and kitchenware related products account for 37.8% and 19.7% respectively. Taiwan Glass´ market share for panel glass is 83% currently.

Taiwan Glass plans to adjust a section of furnaces to produce fiberglass yarn used in panels for smartphones and tablet PCs during 2011.

As the market for smartphones and tablet PCs have been expanding rapidly, Taiwan Glass has been planning to expand capacity for ultra-thin glass used in touch panels in 2011. Production will begin at the end of 2012 and the price is anticipated to be more competitive than Corning and AGC Display Glass Taiwan. Taiwan Glass also stated it plans to invest US$100 million in the next three years to set up two production lines for ultra-thin glass.

Taiwan Glass has been viewed as a company with traditional management values. However, considering the economic trend of the world, the company decided to diversify product lines by entering production of glasses required by high-tech products. The latest product is the low-emissivity (low-e) glass.

With the production of new products, the performance of Taiwan Glass is expected to grow quarterly in 2011.

600450 Taiwan Glass to produce glass for touch panels glassonweb.com

See more news about:

Others also read

Taiwan Tobacco & Liquor Corporation is the leading and largest tobacco and liquor company in Taiwan. The company has started construction of a new furnace in Taiwan.
Taiwan and South Korea Join the Constantly Growing Trend
The Belt and Road Initiative refers to The Silk Road Economic Belt and the 21st-century Maritime Silk Road.
Owens Corning, a leading global producer of glass fiber reinforcements for composite systems, has entered into technology licensing and manufacturing supply agreements with Taiwan Glass Ind. Corp., based in Taipei, Taiwan.
Kinestral Partners With Foxconn Subsidiary to Manufacture Halio™, the World’s Most Responsive Smart-Tinting Glass.
MiGlass is a specialist glass processor with an ever increasing direct export presence. Already supplying significant amounts of product to France, Germany, Poland as well as the USA, MiGlass has now added another continent with a new customer based in Taiwan!    Marketing Manager Laura Daviou commented “it is a great opportunity for MiGlass to further spread its overseas exposure.

Add new comment