Hebei Flat Glass Enterprises’ Loss of Nearly RMB 500 Million in 2011

(China Glass Network) Among 23 building material products included in the statistical analysis, 7 products’ profit dropped year-on-year for weak market demand in 2011. Especially flat glass’ average price was much lower than that 2010. Total industrial profit of flat glass appeared negative growth last year, resulting in a loss of RMB 495 million, according to a release from Industry and Information Technology Department of Hebei.

“It is unsustainable for enterprises choosing the development model of production scale. Without expanding production scale and increasing energy consumption and pollution discharge, enterprises shall realize the transition by enhancing products’ grade and saving energy resources,” said GE Xudong, the president of Hebei Province Building Material Industry Association.