G-Crystal Technology: Benefit from the Rising Price of Soda in Short Term, Focus on Rising Investmen

The main businesses of G-Crystal Technology are soda and glass, the company export 65% of its soda, and benefited a lot from the rising price of soda in first half year. In glass industry, the inventory is high while price tends to decline, under the background of property regulation the downstream enterprises are under pressure. Float glass is still the company’s main business and it has been affected by the weak of glass industry. The company’s main profit growth point in future will be put on the starting of rising investment projects, these projects will be put into production in 2013 and now we still have to wait.