Taiwan Glass Group revenue up 39% in February

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By Kuan-lin LiuㄝThe China Post

TAIPEI, Taiwan — Taiwan’s leading glass manufacturer Taiwan Glass Group recently released its February earnings report, which showed a year-on-year growth of 39.38 percent.

The group grossed NT$3.165 million in operational revenue in the month of February and a total of NT$6.053 million in the first two months of this year, a 5.05 percent increase compared to the first two months of last year.

Key factors for this year-on-year growth were developments in the Chinese market, which saw a rebound in the flat glass industry and an elimination of usinesses whose production lines employed low-level production techniques with high levels of pollution, a representative of Taiwan Glass noted.

Moving forward, the group is currently developing its electronic grade ultra-thin glass for the market.  Taiwan Glass began to produce the glass at the end of 2014, and in less than a year’s time, it was able to produce a 0.33-millimeter ultra-thin glass via a completely computer automated process that lowers the flaws associated with manual production.

Currently, Taiwan Glass produces glass in a variety of thickness, including 1.8 mm, 1.6 mm, 1.3 mm, 1.1 mm, 0.7 mm, 0.5 mm, 0.4 mm, and 0.33 mm.

The finished product matches the quality of glass produced in the U.S. and Japan, therefore allowing the group to send shipments to domestic and overseas manufacturers of high-quality electronic products. Taiwan Glass Group said that in the competitive touchscreen market, it had found its niche as a producer of high-quality yet reasonably priced, ultra-thin touch screens. Investing in the Basics A key ingredient in the production of glass is soda ash also known as sodium carbonate. To improve its glass production capabilities, Taiwan Glass Group founded the Shihlien Chemical Industrial Jiangsu Co. with its subsidiary the Shihlien China Holding Co., as part of a vertical integration of the glass group.

Shihlien Chemical Industrial produces 1 million tons of soda ash and 1 million tons of ammonium chloride annually at its large-scale factory in Jiangsu, which became fully operational at the end of 2014.

This example of vertical integration has allowed Taiwan Glass Group to produce flat glass at an increasing speed and volume.