NSG Group recently announced plans to build two new value-added float lines in Vietnam to increase its production of specialist products to supply the growing solar energy and touch screen sectors. The move is in line with the expansion plans outlined in the group’s Strategic Management Plan (SMP), which was announced in November 2010.

The first of the two new float lines will be fitted with online coating equipment for the production of coated glass for use in thin-film type photovoltaic applications, the market for which is steadily expanding. The second line is designed to help to meet the growing demand for very thin high-tech float glass products. NSG’s ultra-fine flat (UFF) glass products are increasingly being used in the growing touch panel market, particularly in mobile devices and computers. The total investment will be in the order of $320 million (¥26 billion), with both lines due to start production in 2013. Approximately 400 jobs will be created locally as a result of the investment.

The new float lines will be constructed at the My Xuan site in southern Vietnam, where the group already operates a float line dedicated to solar energy products. The implementation of the new investment is subject to the approval of relevant Vietnamese government authorities. The additional lines will enable the NSG Group to optimize capacity management on the site in order to meet demand for export and domestic markets.

For additional details, visit www.nsggroup.net.