Fuyao Glass accelerates capacity expansion and increases market share

Fuyao Glass plans to invest 8.123 billion yuan in capital expenditures in 2024, a significant increase from 4.475 billion yuan in 2023. The company will invest 3.25 billion yuan to build an automotive safety glass project with an annual output of about 20.5 million square meters in Fuqing, Fujian, and 5.75 billion yuan to build an automotive safety glass project with an annual output of about 26.1 million square meters and two high-quality float glass production lines in Hefei, Anhui.