Relocation of Equipments in Luoyang Glass Production Line will be canceled

(China Glass Network) Reports from on-line media, Luoyang Glass Company (01108) announced that due to the implementation of new "Plat Glass Standard”, the original NO.3 float glass production line equipment can not meet the new standard for product quality requirements, the relocation will be canceled. In addition, the plant located in NO.9 Tanggong Middle Road, Xigong District, Luoyang City has been purchased by the government. The board has agreed to dispose the assets of NO.3 production line.

It is reported that the company planned to use the equipments to build a new production line with the production capacity of 350 ton per day in Tangcheng District of Xinjiang City.