Guyue Longshan invests in a 50,000T glass bottle project

Guyue Longshan announced that the company plans to build a yellow wine industrial park in Shaoxing, Zhejiang.

According to the plan, the company will invest a 50,000T project for lightweight and thin-walled glass bottles in the first phase of the yellow wine industrial park. The project is totally invested with 151 million yuan. Adopting with advanced process, the project specializes in producing brown and white glass bottles for Guyue Longshan’s Shaoxing wine.

Meanwhile, the company revealed that the glass business achieved the operating margin at 12.01% in 2008, fallen by 5.40 percentage points over 2007.