Fuyao to launch float glass unit in China
To have a total of CNY500 million (USD73.8 million) in registered capital from parent company Fuyao Glass.
Fuyao Glass Industry Group is expanding with a new wholly owned subsidiary to be established in China. The new Benxi Fuyao Float Glass Company will have a total of CNY500 million (USD73.8 million) in registered capital from parent company Fuyao Glass, the supplier states. The automotive glass supplier company made the announcement on 29 October at a board of directors meeting. The vote results were eight in favour of the creation of Benxi Fuyao (tentative name), with no absentee votes pending.
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