Market News

Global Bulletproof Security Glass Market - Recent Developments

In August 2021, Sicurtec has invested more than US$ 06 Million in a totally new creation innovation for the holding of polycarbonate and float glass. Sicurtec is an Austrian Family Business and an international company that manufactures and supplies highly resistant bulletproof safety glass. The new innovation ought to set further benchmarks, as per the vision and drive of the experts at Sicurtec, who complete their advancement work without research agreements or government endowments. The new Sicurtec_Slim product line passes all relevant resistance class tests and is certified in accordance with DIN EN 356.
On October 27, 2021, The Board of Directors of Asahi Glass Ltd. have approved a feasibility study for expansion opportunities over the next 3-4 years. Asahi India Glass Ltd (AIS) is India\'s leading glass and windows solutions organization and a predominant player both in the automotive and the construction sectors. The company is looking to carry out expansion investments in Greenfield projects, localization of raw glass, building a new Greenfield solar glass plant, and partnering with Vishaka Group for business expansion. These projects may turn out to be profitable in the long run considering the sustainability and viability of these projects.
On August 4, 2022, to support the expanding solar market, NSG Group is has announced its intention to invest in additional TCO (transparent conductive oxide) coated glass production capacity in Malaysia. According to the plan, a float line at Malaysian Sheet Glass SDN BHD\'s Johor Bahru facility, which is a member of the NSG Group, will soon install online coating capacity and begin shipping TCO glass for the production of solar panels once the facility is operational. The line\'s supply is expected to begin in the fourth quarter of the fiscal year that ends in March 2024. The success of commercial negotiations and the issuance of permits and incentives by the government are prerequisites for the investment.
First Solar, Inc., a leading global manufacturer of thin-film solar panels that has a long-standing partnership with NSG Group, is making the investment to support its expansion strategy. NSG (Nippon Sheet Glass) is one of the world’s largest manufacturers of glass and glazing products catering to 3 main sectors – Architectural, Automotive and Creative Technology. First Solar is a leading American solar technology company and a global supplier of environmentally friendly, energy-efficient solar modules that contribute to the fight against climate change. The company was founded in 1999. First Solar is building a new manufacturing plant in India, which it plans to open in the second half of 2023, in addition to its facilities in Vietnam and Malaysia. To fulfill the developing worldwide need for sunlight based chargers particularly those made by our essential accomplice First Sun oriented, NSG Gathering began activity of the second committed float line for sun powered glass in Vietnam in January 2020, and another plant in Luckey, Ohio, U.S., has been working since November 2020. First Solar is the sole recipient of the glass that is produced at these facilities.