China Glass (03300) engaged building materials international project to establish new high-end automotive glass production line

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Time of issue:2020-03-17
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(Summary description)Zhitong Finance APP News, China Glass (03300) announced that on October 25, 2019, the company's indirect non-wholly-owned subsidiary Shaanxi China Glass and Building Materials International Engineering Group signed a Shaanxi engineering contract, and Shaanxi China Glass appointed a building materials international engineering group Design, procurement and installation of cold repair and renovation of China Glass's float glass production line.

China Glass (03300) engaged building materials international project to establish new high-end automotive glass production line

(Summary description)Zhitong Finance APP News, China Glass (03300) announced that on October 25, 2019, the company's indirect non-wholly-owned subsidiary Shaanxi China Glass and Building Materials International Engineering Group signed a Shaanxi engineering contract, and Shaanxi China Glass appointed a building materials international engineering group Design, procurement and installation of cold repair and renovation of China Glass's float glass production line.

Categories:Industry news
Author:
Origin:
Time of issue:2020-03-17
Views:0

Source: Zhitong Finance Network

Zhitong Finance APP News, China Glass (03300) announced that on October 25, 2019, the company's indirect non-wholly-owned subsidiary Shaanxi China Glass and Building Materials International Engineering Group signed a Shaanxi engineering contract, and Shaanxi China Glass appointed a building materials international engineering group Design, procurement and installation of cold repair and renovation of China Glass's float glass production line.

According to the Shaanxi engineering contract, the contract price for designing and planning cold repair and renovation projects is RMB 1.98 million, and the contract price for purchasing and installing systems, equipment and materials for cold repair and renovation projects is RMB 89 million.

On October 25, 2019, Jiangsu Suhuada, an indirect wholly-owned subsidiary of the company, entered into a Jiangsu engineering contract with Building Materials International Engineering Group. Jiangsu Suhuada commissioned Building Materials International Engineering Group to purchase and install equipment and materials for Jiangsu Suhuada to establish a new high-end automotive glass production line engineering.

According to the Jiangsu engineering contract, the contract price for the procurement and installation of equipment and materials for the establishment of a new high-end automotive glass production line was RMB 286 million.

In addition, on October 25, 2019, China Glass Investment and Huaguang Group entered into a China Glass procurement framework agreement, and China Glass Investment engaged Huaguang Group to purchase raw fuel materials for the Group's glass product manufacturing.

The annual caps of the China Glass Investment Procurement Agreement in 2020, 2021 and 2022 are RMB 890 million, RMB 900 million and RMB 980 million, respectively.

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