Fuyao launches €300 million Russian plant
China's Fuyao Glass Industry Group has launched a €300 million plant in Kaluga, Russia.
The capacity of the first line is 1 million sets of automotive glass a year and is set to triple over the next two years, Fuyao Glass Rus managing director Chen Chuqing said at a Vedomosti conference Autoevolution-2013 in Kaluga.
Fuyao Glass Industry Group president Cao Dewang said the company may consider the option of producing float glass in Russia in the future too.
About two-thirds of the glass that Fuyao produces in Russia will be distributed to Europe, with the remaining third sold domestically, Dewang said.
He added that the company's main customer in Russia is the Volkswagen (VW) group, which also has a plant in Kaluga.
Construction of the site began two years ago. Fuyao is the world's second largest automotive glass manufacturer after Japan's Asahi Glass Co.