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News: Chinese push $ 300-M glass project - 25 Sep 2007
Hebei Xingtai Jingniu Glass Co. Ltd. (Jingniu) is pursuing its $ 300-million glass manufacturing project in Subic freeport for the domestic and export market in the southeast Asia, Subic Bay Metropolitan Authority administrator Armand C. Arreza said. 

Arreza made this announcement after meeting with Jingniu chairman Wang Chang Lim in China recently.
According to Arreza, the company is set to start construction within the year in a 232-hectare lot in Maritan Hill. Commercial operation is expected to start a year after.


The initial phase would cost $ 100 million with two production lines employing 2,000 workers.
At this early, Arreza said the Jingniu project would not compete with Asahi Glass Philippines, the country’s lone glass manufacturer, saying they have different product lines.


"Jingniu will produce tinted glass lines with specialized jade and ceramics glass which do not compete with Asahi which is into clear glass manufacturing," Arreza said.


As an export-oriented enterprise, Jingniu is allowed to sell 30 percent only of its total production to the domestic market. Arreza noted that the country’s supply of tinted or coated glass is sourced from China.
"There is a huge demand of coated glass for the construction sector like the booming high-rise projects as well as a strong demand of specialized glass lines for bathroom fixtures," he noted. In addition, there is a need for ceramics glass for industrial use.


The source of raw materials, high silica content sand, can be found in Antique, Semirara island and Mindoro.
"This could be bring down cost of the products," Arreza noted.


Established in 1956, Jingniu has presence not just in China but overseas employing over 3,000 people.
As of 2006, the company has registered assets of RMBY140 million yuan. It has 6 float glass producing lines including one Jingniu gade, 2 rolling micro-crystal lines and 2 micro crystal nucleus lines with an output of 12 million cases.


Its main products is heat reflective coated glass, Jingniu jade with over 1,000 specifications inlcuding clear, blue, green, dark, brown glass, and processed glass.(BCM)

Posted By: Bernie Cahiles-Magkilat 
 
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