Fuyao Glass Acquired Approval of National Development and Reform Commission to Build Plant in Russia

(China Glass Network) On Feb.23, Fujian Development and Reform Commission released that Fuyao Glass (600660.SH) had acquired approval of National Development and Reform Commission to build auto glass production line in Russia.

It was reported that the total investment was 200 million dollars. After operation, it will produce 3 million sets of automobile glass. The project was divided into two phases. First phase of project will be completed in July 2013, realizing production of 1 million sets. The second phase will be completed in June 2015, realizing production of 2 million sets.