Taiwan Glass Industry Corp., a Taiwan-based glass maker, started construction on its Chinese plant in east China's Anhui Province on Tuesday.
The plant, which covers 57.3 hectares at an industrial park in Fengyang County, will be built through an investment of 100 million U.S. dollars for two production lines that have a combined annual capacity of 738,000 tonnes of energy-saving glass and premium flat glass.
Annual sales revenue is expected to reach 1.8 billion yuan (273 million dollars) when the plant is operational by the end of 2012, company sources said.
Founded in 1964, Taiwan Glass Industry Corp. is one of the world's leading float glass makers. Fengyang is among China's major glass manufacturing bases with sales revenue last year exceeding 8 billion yuan (1.21 billion dollars).
The plant, which covers 57.3 hectares at an industrial park in Fengyang County, will be built through an investment of 100 million U.S. dollars for two production lines that have a combined annual capacity of 738,000 tonnes of energy-saving glass and premium flat glass.
Annual sales revenue is expected to reach 1.8 billion yuan (273 million dollars) when the plant is operational by the end of 2012, company sources said.
Founded in 1964, Taiwan Glass Industry Corp. is one of the world's leading float glass makers. Fengyang is among China's major glass manufacturing bases with sales revenue last year exceeding 8 billion yuan (1.21 billion dollars).
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