to Sell Curtainwall Business
Hong Kong-based Xinyi Glass has announced that it is selling one
of its subsidiaries, Xinyi Curtainwall Engineering (Shenzhen) Co.
Ltd. The company says by divesting itself of this business it will
be able to concentrate on its core business, the manufacture of
float glass and production of architectural and auto glass products.
In addition, the company says some of its current customers are
involved in curtainwall design, and it wants to ensure it's not
competing with its customers. "By seeking a qualified buyer for
its curtainwall engineering business, Xinyi Glass can avoid any
direct competition with its customers engaging in curtainwall engineering
projects," says Daniel Lau, managing director of Xinyi Glass (America)