North Glass announced that its holding subsidiary Tianjin North Glass Investment has established two subsidiaries, which have completed industrial and commercial registration. The two companies are Luoyang North Glass High-End Glass Industry Company Limited, with a registered capital of 64.75 million yuan, and North Glass High-End Shanghai Glass Industry Company Limited, with a registered capital of 56.7 million yuan. This investment aims to integrate the deep-processing glass businesses of the Luoyang and Shanghai bases, optimize operational management, and enhance resource allocation efficiency. The new companies' business scope covers glass manufacturing, technology development, and goods import and export.
Luoyang Northglass Technology Co LtdSubsidiary establishes two new companies to consolidate glass business, but impact on parent is unclear.
