On March 21, the commencement ceremony of Qinhuangdao Honghua Special Glass Co., Ltd. Project (High Borosilicate Special Glass Production Line Project) was held in Funing District of Qinhuangdao. Zhang Lihong, Secretary of the District Committee, attended the ceremony and announced the commencement of the project.
Zhang Lihong said at the opening ceremony that the project is an important project for Yaohua Group to promote the "3 + 1" strategic layout of China Building Material Kaisheng Group, to speed up the building of "10 billion Yaohua and 10 billion enterprises", to fill the gap in Funing's special glass industry, and to help Funing speed up the building of a strong new material area, which is in line with the national policy. It meets the development needs of both sides and is a typical case of strategic complementarity and win-win situation.
It is reported that Qinhuangdao Honghua Special Glass Co., Ltd. plans to invest 900 million yuan in the project, covering 194 mu, located in the north of Funing Development Zone, Qinhuangdao City. The first phase of the project invests 490 million yuan, with a design capacity of 12000 tons of high borosilicate 2.6 and 3.3 float glass and more than 5000 tons of borosilicate 4.0 glass. The project plans to use the latest research and development achievements of CNBM Glass New Materials Research Institute in special glass, and integrate the production experience and technology of Honghua Tebo in borosilicate special glass for many years. The main products will be heat-resistant glass, fireproof glass, bulletproof glass and optical glass for household appliances. It is estimated that the annual sales will reach 280 million, with an average annual profit and tax of 100 million. According to the data of
Digital Building Materials Network, Qinhuangdao Honghua Special Glass Co., Ltd. was established in October 2009 with a registered capital of 65.74 million RMB. Its main business scope is the production, processing, sales and related technical consultation of special glass products. The company is jointly invested by Hong Kong Huishuo Holdings Limited and China Yaohua Glass Group Corporation (managed by Kaisheng Technologies after 2016). The company has the core technology of borosilicate float glass production process, and is the first borosilicate float glass production enterprise with completely independent intellectual property rights in China. On November 30,
2022, China Glass intends to invest 39.5479 million yuan to acquire 40% of Qinhuangdao Honghua Special Glass from Hong Kong Huishuo Holdings.
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