First Four-months’ Volume of Glass Exports for China Glass Holdings Fell 10%

Zhang Zhaohang, the Executive Director and Chief Executive Chairman of China Glass Holdings, said that almost 30% of production made by the factories in Weihai and Suqian is for exporting, while production lines in Xianyang and Wuhai is main for china market. He pointed that, the volume of exporting in the first 4 months fell 10% comparing to the same time of last year, and has yet to see any significant signs of improvement, on the other hand, domestic sales, the momentum of recovery is much more clear and lively.  Currently there are 3 lines are stopped, he said, they have been prepared on the resumption of production, but still depends on market conditions before final deciding on resumption of production time.

He said more, in addition to the production line shutdown, the other production line can balance between production and sales. The "new solid-fuel injection technology” that was announced before has been mature. And currently this technology has been fully applied to the lines of Weihai. It is expected that in this year, this technology will be wholly applied to all the lines. He said, this technology can significantly reduce the cost of fuel products, but he refused to disclose reduction rate.