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Photovoltaic glass business to be a new support for ACHT

Post Time:Sep 24,2008Classify:Company NewsView:451

Henan Ancai High Technology Co., Ltd. (ACHT) announced that its extraordinary general meeting reviewed the proposal on idle equipment assets and a 5.6 million- m²/y photovoltaic glass project. According to the insiders, because of the poor market condition of Ancai display glass shell, the business on photovoltaic glass will become a new support for ACHT.

Total investment on the photovoltaic glass project will be 277.8 million yuan. The project will last for 1 year and get returns in 4.29 years. The rate of return on investment is expected to be 25.39% and the internal rate 31.56%. The average after-tax profit reaches to 56.27 million yuan per year.

ACHT is one of the largest manufacturers of CTT bulb in China. Since 2004, with the rising of new products such as LCDTV and PDPTV, the market share of traditional CRT TV industry has inevitably declined. Therefore, ACHT is bound to seek a new business to maintain its achievements.

Source: GlassInChinaAuthor: shangyi

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