North Asia invests in building solar glass factory

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Are China''s Xinyi Group investing in Indonesia?

Home » World’s Top Glass Producer Investing in Batam Tempo are reporting that the world’s largest glass company, China’s Xinyi Group, are raising their investments in Indonesia with plans to develop a glass and solar panel facility in the Rempang Eco-City Area in Batam.

How Indonesia will benefit from Xinyi Glass investment?

Menteri Investasi/Kepala BKPM, Bahlil Lahadalia. "Through this cooperation, Indonesia will be building Xinyi Glass glass investment which is the largest outside China," Then, the Minister revealed that the investment and construction of the industrial estate will be able to absorb a lot of labor in Indonesia.

How much is Xinyi Glass investment worth?

Minister Lahadalia explained that the cooperation agreement with Xinyi Glass, which is the largest glass company in the world, has an investment value of US$11.6 billion. Menteri Investasi/Kepala BKPM, Bahlil Lahadalia. "Through this cooperation, Indonesia will be building Xinyi Glass glass investment which is the largest outside China,"

Why did Xinyi invest in Indonesia?

“Building a glass and solar panel factory ecosystem is part of the downstream business in the quartz sand sector,” Bahlil said in a statement on Wednesday, July 19. Xinyi Group CEO Gerry Tung said that one of the factors that encouraged the company to raise its investments in Indonesia is Indonesia’s growing economic potentials, report Tempo.

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