The hottest Xinyi Glass wants to build multiple gl

2022-09-23
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Xinyi Glass plans to build multiple glass production lines overseas. Xinyi Glass announced that the group's profit attributable to equity holders for the year ended December 31, 2017 was HK $4.013 billion, an increase of 24.9% year-on-year, and it plans to pay a final dividend of HK $28.0 cents/share

at the same time, the announcement also mentioned that the group is optimistic that the float glass market and the average selling price will continue to improve in the foreseeable future. Although the industry expects the national float glass production capacity to decline further in 2018, the group will adopt prudent and flexible strategies to cope with the decline of float glass production capacity and the change of soda ash price

the group plans to support the Chinese government's economic development plan for Western China, and is qualified to build a special float glass production line in Guangxi Zhuang Autonomous Region in Western China according to the overseas investment plan. Therefore, the group plans to build an automobile glass production line there

in addition, the group's first float glass production line in Malaysia has been put into operation, which is its first overseas project. This project lays the foundation for the group to develop and promote specific transactions in the region in the future when clicking the system Exit menu, while reducing production costs. The group is building two high-quality float glass production lines in the second phase of the project in Malacca, Malaysia. The company is also planning to build the third phase project in Malaysia. The new production line in the future will enable the group to better serve customers in ASEAN, India, South Korea and Taiwan through preferential treatment. In view of the unique performance advantages of materials and appropriate pricing strategies of enterprises squeezed out of the graphene market due to high prices, the import tax treatment and shorter transportation distance will also benefit customers outside Asia

in addition, the group is planning to expand its production network to regions outside Asia. The company plans to build two high-quality float glass production lines in southern Ontario, Canada, in order to expand the company's product coverage to North America. The group will continue to ensure that sufficient resources are allocated for product research and development, improve product quality, launch new products, explore new markets, and improve production efficiency. It can be said that it not only improves the quality rate of goods, but also carries out staff training, so as to maintain its competitiveness and ultimately improve its profitability

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