The country\'s glass production will continue to increase this
year on the basis of 2003\'s record high output, which is expected
to push sales revenues higher.
Statistics from the Chinese Ceramic Society show that over 30 glass
production lines equipped with advanced float glass technology,
which creates a smoother and better quality of flat glass, are currently
under construction across the country.
One-third of the lines will be completed and put into operation
by the end of June, while the remainder are expected to be operational
later this year and in 2005.
Last year, the glass industry turned out a total of 252 million
weight-boxes of flat glass, registering an increase of 11.1 per
cent over 2002. One box weighs 50 kilograms.
At the same time, the industry recorded a 22.4 per cent growth
in sales revenues to hit 21.22 billion yuan (US$2.63 billion), which
was accompanied by a 10 to 12 per cent rise in price and a total
profit of 1.35 billion yuan (US$163.24 million). In 2002, the industry
amassed losses of 90 million yuan (US$10.88 million).
Despite the losses, Tan Fu, an official with the Chinese Ceramic
Society, said: \"It was one of the best years for the glass
industry in more than two decades.\"
Encouraged by profit margins and rising demand from many sectors,
especially the construction and automobile industries, flat glass
production and sales continue to maintain a strong momentum this
Tan made his remark while releasing details about the 15th China
International Glass Industry Technology Exhibition, which is scheduled
to be held at Beijing\'s China International Exhibition Centre later
The exhibition will cover a total floor space of 35,000 square
metres, making it the largest of its kind in Asia. It has attracted
over 570 exhibitors from 23 countries and regions, said Mo Wenyi,
another official with the society.
Jin Zhanping, deputy secretary-general of the society, said although
China is now the world\'s largest glass producer, its deeply processed
glass and glass products still have low ratios in terms of the total
value of the industry.
Therefore, vigorously developing high additional-value-added deep-processing
glass and glass products will be a priority for the industry in
the years to come, he said.
For this reason, Chinese enterprises have a lot to learn from their
foreign counterparts, especially those from Western countries which
have developed advanced deep-processing technology, equipment and
One of the most deregulated industries in the country, the glass
sector has been developing rapidly with the assistance of foreign-funded
ventures and private firms.
Of the total sales revenues and profits, non-State-owned firms
including foreign-funded ventures and private groups account for
60 per cent and over 91 per cent, respectively, according to the