Taiwan Glass (1802) has achieved annual growth of more than 11% in the first half of the year. In the mainland China, the supply-side reforms for the flat glass industry continued, and the overall market conditions showed a steady and strong trend. In the fiberglass business group, the mainland The third production base in the region and the 蚌埠 plant will also be put into production in the fourth quarter of this year. The market expects that Taiwan's operating performance in the second half of the year will be better than the first half.
Although the production capacity of flat glass in the mainland is still oversupply; however, the local government's strong industrial capacity monitoring, coupled with the depreciation of the renminbi, has led to an increase in the export of flat glass in the mainland, so that the price of the mainland flat glass market is still more than 10% compared with last year. rise.
The price of flat glass products is still maintained at a high level this year. It is understood that nearly 10 of the 15 mainland factories in Taiwan have made money, with a ratio of more than 65%.
In addition to the prospect of flat glass, Taiwan's glass fiber cloth business group, this year, is also increasing the application to increase shipments, coupled with the new plant put into production, this year has a significant increase in the overall profit of Taiwan Glass.
Taiwan's glass fiber cloth production capacity ranks second in the world. In the fourth quarter of this year, the third production base in the mainland, the 蚌埠 plant, will also be put into operation, and new capacity investment will inevitably add to the overall operation growth of Taiwan Glass.
Taiwan Glass pointed out that the high-end areas of fiberglass cloth are mainly divided into mobile devices and vehicle market. The product appeal is highly lightweight and highly reliable. In the past three years, the automotive market has grown by more than 15% per year, and it is expected to be more vigorous in the future. In addition, in the market of the original mobile devices, Taiwan Glass Group's glass fiber cloth continues to maintain its original leading position, and these future industrial prospects can effectively support the sustainable development of fiberglass cloth.
