Vietnam Ceramics and Glass Corp. (VCG) plans to achieve an average annual growth of 15% in the 2001-2005 period, said VCG General Director Tran Le Dung. Dung said that to meet its target the corporati…
Vietnam Ceramics and Glass Corp. (VCG) plans to achieve an average annual growth of 15% in the 2001-2005 period, said VCG General Director Tran Le Dung. Dung said that to meet its target the corporation would focus on modernizing technology and equipment and boosting exports. However, he didn“t unveil the sum required for this. According to the plan, two fluorescent lamp production lines each with a capacity of five million products a year and a fluorescent light starter production chain with the same output will be installed at the Rang Dong Lamp and themos Flask Company. The corporation will also import one line producing one million special Themos flasks a year. In addition, one glass furnace with a daily capacity of eight tons has been installed at Dien Quang Lamp Co. and will be commissioned in the second quarter of next year. Dung said priority had been given to importing equipment from the Europe to raise the competitiveness of the corporation“s products in the regional as well as the European and American markets. “Most of the new projects will be carried out at plants in industrial parks,” said Dung. According to him, VCG has completed work on installing a Chinese-made automatic thermos flask production line and will start to produce power saving lamps in the northern provinces from the end of this year. The corporation is proceeding with the upgrade of the Hai Duong Ceramics Co. with funding from the official development assistance (ODA) and bank loans. It is also drawing up a project to set up one scientific and technology cooperation and export promotion center in the North, like a similar center which has opened in the southern province of Binh Duong. VCG was established in May 1996 with eight affiliated companies and two joint ventures with South Korea and Taiwan.