Delegates attend the groundbreaking ceremony of Viet Nam's first ultra-clear float glass factory — Photo baoxaydung.com.vn
The construction of an ultra-clear float glass factory, the first of its kind in Viet Nam, kicked off in the southern Ba Ria-Vung Tau Province’s Tan Thanh district on Monday.
Work on the first phase of the VND2.6 trillion (US$114.4 million) plant, owned by Phu My Ultra Clear Float Glass Co. Ltd. and located at the Phu My 2 Industrial Park, will continue till 2018. Once operational, it will have the capacity to produce 600 tonnes of ultra-clear float glass per day.
Phase II will be built from 2019 to 2022, raising the factory’s capacity to 900 tonnes per day.
China’s Kaisheng Science & Technology Group Co., one of the three founders of Phu My company, has pledged to purchase all the ultra-clear float glass produced by the factory.
The company was established by Viglacera Corporation, Viet Nam Urban and Industrial Zone Development Investment Corporation (IDICO), and Kaisheng group with a charter capital of VND886 billion.
The factory in Ba Ria-Vung Tau is one of the two ultra-clear float glass plants expected to be built in Viet Nam. The other plant will be in the northern province of Bac Ninh. The Prime Minister approved in principle the construction of these plants in 2016. — VNS