PT Asahimas Flat Glass Tbk Announces Heating-Up of New Float Glass Factory in Cikampek
November 06, 2016
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PT Asahimas Flat Glass Tbk announced the heating-up of its new Float Glass Factory in Cikampek with 210,000 ton production capacity p.a. This new float glass furnace with an approximately ¥16 billion ($155 million) investment has been inaugurated. This Factory, which location is adjacent to the Company’s Cikampek Automotive Glass Fabrication Factory, is expected to start the production in the beginning of December 2016. With the operation of this new Factory, the Company’s total capacities of float glass will jump up to 630,000 tons p.a. Previously, the Company has two float glass furnaces, each at its Jakarta Factory and Sidoarjo Factory (with a total production capacity of 570,000 tons p.a.) for the production of float glass used for architectural and automotive applications. In October this year, the Company has closed one of its two furnaces in Jakarta Factory with a capacity of 150,000 tons p.a., which in turn (after the start-up of the New Float Glass Factory), has made a significant enhancement in the Company’s total float glass production by more than 10% or 60,000 tons p.a. In addition, to cope with increasing market demand and to support government initiative and policy of Green Building, the Company also have plan to install a offline magnetron coater with European Technology in Cikampek as well. This approximately 6.0 million sqm p.a. coater, which will commence in 1H18, will allow the Company to expand energy saving product range by improving the performance of glass in both solar control and thermal insulation, while still providing appropriate level of light transmission. The green products would also stimulate the usage of processed glass and also develop the capability of local glass industry player.
PT Asahimas Flat Glass Tbk is an Indonesia-based glass manufacturing company. The Company is engaged in the glass industry, export and import, glass quality testing laboratory service and other activities related to the businesses. The Company operates through two segments: flat glass segment and automotive glass segment. The flat glass segment produces a broad range of clear and tinted glass, figured glass, reflective glass, and mirror glass, which are used primarily for glass curtain walls, window glass, suspended glass in building construction and as raw materials for downstream industry. The automotive glass segment produces two main types of automotive glass, tempered glass and laminated glass, which are primarily used in the automotive industry. The Companyâs factories are located at Kawasan Industri Indotaisei, Cikampek, and at Tanjungsari, Sidoarjo, East Java.