Soda ash and flat glass of Zhejiang Glass is increasing in first half year of 2010

(China Glass Network) Zhejiang Glass announced that in the first half of year 2010, sales revenue of soda ash and flat glass, respectively, is increasing to 620 million yuan, with up by 53,82% and 1.239 billion yuan with up by 73,53%.
Zhejiang Glass (00739) announced on November 10 that, till the end of December 2009, the whole sales amount of soda ash and flat glass respectively increased by 63.79% and 12.5%, and sales revenue decreased separately by 4.23%, to 837 million yuan, and increased by 24.7% to 2.07 billion yuan. In addition, the first half year of 2010, sales amount of soda ash and flat glass products respectively increased by 9.57% and 11.88%, while sales revenue increased by 53.82% to 620 miillion yuan and increased by 73.53% to 1.239 billion yuan.
Zhejiang Glass’ stock is suspended of trading since May 3, 2010, waiting for the sales announcement, will continue to suspension.

About Zhejiang Glass
Zhejiang Glass Company Limited is located in Yangxunqiao Township. Shaoxing County, Zhejiang Province -- National comprehensive pilot zone and national small town testing zone, one of national top ten villages and towns, the top town of Zhejiang Province in comprehensive strength. It's around 40 km away from Shaoxing downtown and, around 35km away from Hangzhou City, and therefore the Company has an outstanding geographical location and convenience in transportation. For example, Roads: Hangzhou-Jinhua-Xuzhou Expressway, and Shanghai-Hangzhou-Ningbo Expressway as well as National Road #104; Seas: Hangzhou-Ningbo Canal and Ningbo Harbor, and only 20 km from Hangzhou Xiaoshan International Airport.

The Company is established since 1994 and currently has over 5,000 employees, in which over90% are graduated from the Universities, secondary specialized, technical school, or colleges. Adhere to the business philosophy of “Credibility-rooted, Quality for Success”, we have established a leading scientific management system.

On December 10, 2001, Zhejiang Glass Company Limited was successfully listed on main board of Hong Kong Exchanges and Clearing Limited (HKEx), was the first private-owned company that was listed in Hong Kong as H-shares. Stock Code: 0739, Stock Name: Zhejiang Glass, Chairman: Feng GuangCheng
Currently, we have 10 glass production lines for float glass with high quality which met the international standard and the aggregate daily melting capacity of 5000 tons. We can produce 0.4-1.9mm of high quality float glass with various specifications and met National GB-11614-2000 standard; Meanwhile, we are equipped with 13 glass processing lines imported from Finnan, Austria, Italy and Germany, for hollow, laminated, mirror and tempered glass, as well as 1 coating line with AFC 5-room & 25-axis vacuum magnetism-control. Our production capacity is ranked the first in Zhejiang Province, and is in a leading position worldwide. Our economic efficiency is always in a leading position in the domestic glass industry, and a pioneer in Shaoxing City, Zhejiang Province. We are also awarded as "AAA" Credibility Enterprise by [Financial Department.