Taiwan Glass setting up $10 million joint venture to produce vacuum glass in Taiwan

Taiwan Glass, Teco team up

Taiwan Glass Industrial Corp (台灣玻璃) yesterday said it was setting up a NT$300 million joint venture with Teco Group (東元集團), an industrial motors and household electronics maker, to produce vacuum glass at the Changhua Coastal Industrial Park (彰濱工業區).

Taiwan Glass will hold 65 percent of the venture, while Teco will hold the remainder. The facility is expected to commence mass production in the fourth quarter of next year, it said.

Vacuum glasses are energy saving and are used in building construction.