The first phase of the plant, owned by the Phu My Ultra Clear Float Glass Co. Ltd, will be carried out from now until 2018 and has a total investment of VND2.6 trillion (about US$114.4 million). Once operational, it is set to produce 600 tonnes of ultra-clear float glass each day.
The second phase will be implemented from 2019 to 2022, raising the factory’s capacity to 900 tonnes per day.
China’s Kaisheng Science & Technology Group Co., one of the three founders of Phu My company, pledged to purchase all ultra-clear float glass produced by the factory.
With charter capital of VND886 billion (US$39 million), the Phu My Ultra Clear Float Glass Co. Ltd was established by the Viglacera Corporation, the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO), and the Kaisheng group.
The factory, located in Ba Ria-Vung Tau, is one of the two ultra-clear float glass plants expected to be constructed in Vietnam. The other is to be located in northern Bac Ninh province. The Prime Minister approved in principle the construction of both plants in 2016.
