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The Philippines’ Ministry of Industry and Commerce (MIC) has decided to continue applying safeguard measures against colourless floating glass products imported from Vietnam.
The volume of inventory construction glass has risen by 3.-4mil sq.m compared to the same period last year to reach around 18mil sq.m, reported the Vietnam Construction Glass Association (Vieglass).
The Vietnam Construction Glass Association (VCGA) is reporting a surplus of 21mil sq.m this year, 8mil more than last year.
Construction glass makers are lobbying the Government to suspend the licensing of new glass-making projects until 2010 amid concerns of an imminent surplus crisis in the domestic market.
A 70ha glass plant with a design capacity of consuming 900-1,000 tonnes of sand a day is to be built in the Chu Lai Open Economic Zone, according to trade officials in the central province of Quang Nams Tam Hiep District.
Viet Nams glass-makers are now in an ideal position to step up exports of construction-grade glass, according to Viet Nam Glass Association.
GlassTech Asia 2005, which opened on 30 November at Challenger Hall 3 of IMPACT, has on first show day generated orders totaling US$6 million (250 million baht) from both Thai and international buyers.
Glassrobots Finland delivers a flat laminated safety glass processing line to Vietnam. This is the first line of its kind in the country.
Vietnam's two largest glass producers are sitting on major stockpiles of unsold stock, despite strong protection from Government tariff and non-tariff measures.