Chinese glassmaker invests in Philippines float plant

摘要

Chinese glassmaker Hebei Xintai Jingniu Group will invest 312 million in a glass manufacturing facility in the Philippines.The Subic Bay Metropolitan Authority (SBMA) and the glassmaker signed a 50 year lease contract covering a 32 hectare industrial estate.The facility will manufacture rolled crystalline glass and coated float glass for export to Europe,Asia,the Americas and Africa.Approximately 3000 jobs are expected to be created by the project.