The world's largest glass products, glass mold manufacturers, the United States OI Corporation, one of the world's top 500 companies, and Tianjin City, a light Shifa Group's joint venture company, Olian (Tianjin) Glass Co., Ltd. has recently signed an agreement.
Aolian (Tianjin) Glass Co., Ltd. has a total investment of 31 million U.S. dollars and a registered capital of 10.5 million U.S. dollars. Among them, a light real group company invested 4.46 million US dollars, accounting for 44.24% of the registered capital, the United States OI company invested 58.5250 million US dollars (cash) accounted for 55.76% of registered capital.
At the trial production stage, Olympia (Tianjin) Glass Co., Ltd. has an annual production capacity of 90,000 tons of glass bottles. With the continuous expansion of production scale, it will gradually reach a production scale of 180,000 tons. The annual sales revenue is expected to reach 280 million yuan. 70 million yuan. OI will gradually transfer its corporate investment products in other Asian countries to the new plant in Tianjin. This cooperation project will make Tianjin the largest production base for glass bottles, glass molds and glass machinery in the country.
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