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Kibing Group: Inflection Point of Profit Upcoming

Post Time:Mar 13,2012Classify:Company NewsView:247

(China Glass Network) Float glass capacity of Kibing Group is ranked top ten across the country. Kibing entered glass industry through acquiring Hunan Zhuzhou Glass Factory. With good technology, Kibing reformed and expanded to construct 5 production lines of 3200 T/D. Ministry of Industry and Information requested that top ten enterprises’ float glass production should be concentrated from 57% to above 75% at the end of “Twelfth Five Years Plan”. The company will benefit from industry consolidation, increase its market share.

 

Online low-e coated glass is popular as energy-saving building material. The company planed to construct 3 production lines for online low-e coated glass again, which will make output reach nearly 20 million square meters annually. Low-e glass is recognized as one of best energy-saving building glass. And it has broad prospects.

 

Benefited from accelerating global economic recovery, the demand for online TCO coated glass will pick up. Market capacity of TCO glass used in film solar cells is expected to exceed 30 billion yuan in the next five years. Cooperated with British consulting company, Kibing has fully mastered the production technology of online TCO coated glass. The products will be commercialized, proving new business growing point for company.

 

Excellent cost and expense control ability lay a solid foundation for the future development. Production bases are near Pearl River Delta and Yangtze River Delta, with convenient traffic. It effectively control the transportation cost of raw materials.

Source: glassinchinaAuthor: shangyi

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