Kibing Group Invest In Float Lines In Malaysia

Kibing Group, one of China's leading float glass producers, has signed a Memorandum of Understanding with Samsung Corning Precision Materials Group Co, in what could become a significant event for the glass industry, not only in Malaysia, but for the ASEAN market as a whole. With an investment of US$ 200m, Kibing will build two glass float lines with pyrolithic coating capability, using the latest German technology. The company believe the outlook for the glass industry in Malaysia and its surrounding region looks optimistic and has, therefore, chosen Malaysia to be phase one of its investment.