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LUOYANG GLASS float glass production line suspends

Post Time:May 08,2015Classify:Industry NewsView:443

LUOYANG GLASS (01108.HK)  +0.830 (+15.485%)   announced that the proposed phased suspension of production and reformation of the 650 tons float glass production line of its subsidiary Longhao Company was resolved at the board meeting held yesterday. The tentative suspension period for the said production line is 3 months.

 

The company expected that after the phased suspension of production and reformation, the manufacturing equipment and environmental protection facilities of Longhao Company would be improved, and its technical performance would be optimized that would better meet the customers’ requirements. Moreover, its production conditions and the smoke gas emission would meet the relevant environmental protection requirements. Since the ordinary glass market remains sluggish in recent years and Longhao Company is currently at a loss situation, the phased suspension of production may reduce the loss temporarily and relieve the financial stress.

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Source: http://www.aastocks.com/en/stocks/news/aafn-contenAuthor: shangyi

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