A window on the world flat glass business - the year 2013 - GPD China - April 2014

© Bernard Savaëte - GPD China 2014 – 12 April 2014 - 1

A window on the world flat glass business

世界平板玻璃行业的一个窗口 One year, on the flat glass business,

from an observer of the contemporary history 来自同期历史的观察 (The year 2013)

2013年

Bernard Savaëte - BJS.Différences [email protected]

GPD China 2013


SUMMARY概要 Item项目 slides

Title, Introduction, last slide 标题、引言、结束语

4

Selected 2013 news (28 news) 2013年新闻（28条）

Companies & Business 公司及行业 30

Processes 加工 2 Products 产品 2 Financial results 财务报告 3 Changing PV market 变化中的PV市场 3

Synthesis 综述 4 Total合计 48


Introduction 引言 I am presenting what I have perceived being important in 2013 (last years we have presented the 2011 review and the 2012 reviews), to picture the scene of the world flat glass business. Each piece of information is similar to a touch of paint to create something similar to Impressionism "a fresh and original vision". 以前，我们已经回顾了2011年及2012年。我现在要陈述的是2013年我认为的重大事件，来勾画世界平板玻璃

业务的情景。每一条信息就像一滴颜料，会产生新颖的视觉。


Selected 2013 news (1/28) 2013年精选新闻（1/28)

Fact 事项

Turkish Sisecam is becoming the main shareholder of Indian HNG Float Glass

土耳其的Sisecam 成为印度HNG 浮法玻璃的大股东。

References 参考

11 January 2013 2013年1月11日

Comment(s) 评论

Sisecam shows desire to enlarge their area of influence

Sisecam表示出他们扩大地区影响力的愿望


Selected 2013 news (2/28) 2013年精选新闻(2/28)

Fact 事项

Grand opening of a float glass production line in Iran Grand 在伊朗开启一条浮法玻璃生产线

References 参考

16 February 2013 2013年2月16日

Comment(s) 评论

Ardakan glass factory (wide ribbon & high tonnage for ~230 million US$)

Ardakan玻璃厂（宽玻璃带、大熔化吨位，230百万美元）



Fact 事项

Poland is the 2d largest EU exporter of doors & windows

波兰是欧洲第二大门窗出口商。 References

参考 March 2013 2013年3月

Comment(s)评论

First exporter remains Germany 德国是第一出口商


Selected 2013 news (4/28) 2013精选新闻(4/28)

Fact 事项

Tariq Glass Industries (Pakistan) starts his furnace

巴基斯坦的Tarig玻璃工业开启其玻璃熔炉。 References

参考 March 2013 2013年3月

Comment(s)评论

550 tons / day Tariq Glass has experience of container glass

550吨/天 Tarig玻璃具有瓶罐玻璃经验



Fact 事项

EU announces provisional duties on Chinese solar products

欧洲宣布针对中国太阳能产品的临时关税。

References参考

June 2013 2013年6月

Comment(s)评论

I do not believe that this decision is going to deeply modify current trends

of that business.

我不相信它的决定会对现在的业务产生深度影响



Fact 事项

ICG Congress at Prague 布拉格ICG大会

References参考

1 to 5 July 2013 2013年7月1－5日

Comment(s)评论

Next ICG Congress will be at Shanghai in 2016.

Current ICG chairman is Peng Shou (chairman of CTIEC).

下一届ICG大会将于2016年在上海。现任ICG主席是彭寿。


Selected 2013 news (7a/28) 2013精选新闻(7a/28)

Fact 事项

China starts construction of world’s tallest building.

中国开始建设世界最高建筑。 References

参考 July 2013 2013年7月

Comment(s)评论

Construction of a 838 meters tall building in Changsha

(10 meters taller than Burj Khalifa in Dubai)

长沙838米建筑（比迪拜Burj Khalifa高10米）


Selected 2013 news (7b/28) 2013精选新闻(7b/28)

From USA Today, 21 February 2014

From Council on Tall Buildings and Urban Habitat


Selected 2013 news (7c/28) 2013精选新闻(7c/28)

From Council on Tall Buildings and Urban Habitat 来自高建筑及城市理事会



Fact 事项

The world’s largest building is in China, at Chengdu.

世界最大的建筑在中国成都。

References参考

July 2013 2013年7月


Selected 2013 news (9a/28) 2013年精选新闻(9a/28)

Fact 事项

Grand opening of second Guardian float glass plant in Russia

Grand 开启在俄罗斯的第二个浮法玻璃厂

References参考

September 2013 2013年九月

Comment(s) 评论

Plant in Krasny Sulin, district of Rostov (area close to Sochi,

home of 2014 Winter Olympics) 工厂位于罗斯托夫的Krasny Sulin

(靠近索契，2014年冬奥会举办地）


Selected 2013 news (9b/28) 2013年精选新闻(9b/28)

Sochi

Krasny Sulin

Guardian plant - Krasny Sulin



Fact 事项

Fuyao is starting construction of new automobile plant in Russia and

has announced its intention to start production in USA

福耀开始建设在俄罗斯的新汽车玻璃厂，并宣布打算在美国生产产品。

References参考

September 2013

2013年九月

Comment(s)评论

Major event in the automobile glass business

汽车玻璃行业的重大事件



Kaluga

Fuyao plant at Kaluga (south west of Moscow)


Selected 2013 news (10c/28) 2013年精选新闻(10c/28)

Moraine

Fuyao plant project in USA (Moraine - Ohio State)



Fact 事项

Xinyi plans to spin off solar-glass unit in Hong Kong 信义将在香港开发太阳能玻璃制品

References参考

24 September 2013

2013年九月24日

Comment(s)评论

As a reminder, in 2011, Xinyi postponed a plan to sell shares of its solar business because of the crisis.

Xinyi will distribute 70 % of the business and will retain the remaining stake.

由于经济危机，信义曾于2011年延缓了一个出售其太阳能业务的计划。信义将出售70％的业务，并保留剩余的股份。



Fact 事项

Caspian Float Glass starts in Dagestan

里海浮法玻璃在Dagestan 开建

References参考

October 2013 2013年10月

Comment(s) 评论

600 tons per day Very high investment (320 millions US$) 每天600吨，非常高的投资（320百万美元）





Fact 事项

Samsung & Corning agreement 韩国三星与Corning 达成协议

References参考


Comment(s) 评论

Samsung becomes main shareholder of Corning.

Special partnership between the two companies.

三星成为Corning的主要股东。两公司之间的特殊合作伙伴。



Fact 事项

AGC float glass Brazil starts. AGC 开建在巴西的浮法玻璃厂

References参考


Comment(s)评论

First production line of AGC in South America.

AGC在南美洲的第一条生产线



Fact 事项

Burma new float line (150 tons / day)

缅甸新的浮法线（150吨/天）

References参考

December 2013 2013年11月

Comment(s)评论

First float line in Burma 缅甸的第一条浮法线



Burma



Fact 事项

VIVIX in Brazil starts operations (subsidiary of Cornelius Brennand Group)

VIVIX 在巴西开始运营（科尼利厄斯布伦南集团的子公司）

References参考

Late 2013, early 2014 2013年底，2014年初

Comment(s)评论

Second new float line in Brazil, in a short period of time.

巴西在短时期内的第二条新浮法线



Fact 事项

Several projects in Africa 非洲的几个工程.

Comment(s) 评论

Outside South Africa, Egypt & Algeria there are not any float line.

Among several projects we are waiting for a successful project.

在南非及阿尔及利亚之外，没有浮法线。在几个项目中，我们期待项目的成功。


Selected 2013 news (17b/28)

2013年精选新闻(17b/28)

Projects in 项目位置 • Botswana 博茨瓦纳 • Ghana 加纳 • Namibia 纳米比亚 • Nigeria 尼日利亚 • Zimbabwe 津巴布韦



Fact (s) 事项

• Saint Gobain has closed automobile workshop in Belgium Saint Gobain已关闭在比利时的汽车玻璃车间 • Pilkington has stopped float line in UK & USA 皮尔金顿关闭了英国和美国的浮法线 • Pattern glass plants are facing difficulties in Europe Parttern玻璃厂在欧洲面临困境 • More closures to come in early 2014 in Europe 2014年初，欧洲将有更多的工厂关闭 • AGC stopped Boussois B1 AGC停运Boussois B1 • Stoppage of plants in China 中国停运的工厂

Comment(s)评论

Excess of capacity, old plants & cost of production are driving these decisions. 产能过剩，工厂老旧及生产成本导致此结果



Map from “Glass for Europe”



Facts 事项

Several key changes in Guardian Industries management.

Guardian公司管理的一些变化.

Comment(s) 评论

Ron Vaupel is the new CEO (he is from Koch Industries). Kevin Baird has been named

president of Flat glass. Ron Vaupel是新的CEO（他来自Koch工业）

Kevin Baird被任命为平板玻璃总裁



Facts 事项

New comers in the flat glass industry through production of LCD. 凭借LCD的生产，新进玻璃行业的后来者。

Comment(s) 评论

3 companies have been pretty active in IP (industrial Property) about flat glass production

without being “traditional” actors: LC Chem, Avanstrate & Corning.

LC Chem, Avanstrate & Corning 3家公司不以传统的角色出现，积极参与平板玻璃的生产。



Facts 事项

Glass education is becoming a key focus for several organizations & companies. 在几家机构和公司，玻璃教育备受关注

Comment(s) 评论

GGF (in UK), GPD (Finland), Saint Gobain & PPG are some of the organizations

showing focus on that subject. 英国的GGF，芬兰的GPD，圣哥班和PPG等

注重此科目



非常好的文件，拥有图解和数据

Processes (1/2) 加工

Document issued in 2013

出自2013年文献 Very good document with useful figures and data



Processes (2/2)加工

Facts 事项

Several producers of equipment are claiming that they are able to fully temper 2.0 mm glass.

几家设备供应商声称他们具备钢化 2mm玻璃的能力

Comment(s) 评论

Very few producers of equipment are able to achieve the requested surface compression and expected fragmentation to get safety product.

很少的几家设备生产商能够达到安全玻璃产品所要求的表面应力和预期的碎片。



Products (1/2)产品

Facts 事项

Extra-thin glass which has been created for usage in communication devices is getting

some usages outside that range with laminated product.

超薄玻璃的应用走出夹层产品，进入通讯设施领域。

Comment(s) 评论

AGC Dragontrail has been utilized for a glass cover of a player benches roof.

Corning Gorilla has been utilized for complex facades.

AGC Dragontail已将其应用于游戏机玻璃面板。Corning Gorilla已将其应用于复合面板。



Products (2/2)产品

Facts 事项

Several producers (AGC, Guardian, Saint Gobain, NSG/Pilkington) are

offering, at least, one vacuum deposition coating as a single stock low-e glass.

AGC, Guardian, Saint Gobain, NSG/Pilkington 等几家玻璃生产商至少可供应一种真空镀膜low-e玻璃

Comment(s) 评论

One single SKU for the temperable and the annealed version

of off-line low-e coated glass.

非钢和可钢化两种离线Low-e镀膜玻璃



Fact 事项

Most of flat glass companies have posted bad financial results for their operations in 2013. 大多数玻璃公司已公布他们2013差的经营财务

References 参考

Financial results issued in early 2014 财务报告公布于2014年初

Comment(s) 评论

Xinyi is (on the opposite) posting good results and we got good forecast

from several business analysts.

信义公布的结果较好，我们从几个业务分析得到预报。



AGC Operating margins by business



AGC Operating margins by region



A changing PV market (1/3) PV市场的变化

Top PV modules suppliers in 2011, 2012 & 2013 Module Supplier 2013 2012 2011

1 Yingli Green Energy 1 1 2 2 Trina Solar 2 4 3 3 Sharp Solar 3 6 4 Canadian Solar 4 5 5 Jinko Solar 5 7 9 6 Reno Solar 6 7 First Solar 7 2 4 8 Hanwha SolarOne 8 10 7 9 Kyocera 9 10 JA Solar 10 8 15

References : Solarbuzz Suntech was 3d in 2012 and 1st in 2011



A changing PV market (2/3) PV市场变化



A changing PV market (3/3) PV市场变化

Module price predictions up to 2020


Synthesis (1/4) 综述 (1/4) We need breakthrough innovation

我们需要改革突破

I do not believe neither on “1 product out of 5 sold today did not exist five years ago” from a well known European flat glass company neither on "Half of the products we will produce within 10 years do not yet exist today“ (from the CEO of another very large European producer of flat glass]… 我相信出自一个著名欧洲平板玻璃公司的说法“现在产品的五分之一，在5年前是不存在的”，“未来10年，我们生产的

产品的一半，今天是不存在的”（出自另外一家很大的欧洲平板玻璃生产商）…


Synthesis (2/4) 综述 (2/4) We need breakthrough innovation

我们需要改革突破

The flat glass market is very mature. Most of the products that this business is selling are clear glass & low-e coatings on clear. We have not seen any major innovation in products or processes along last 15 years… That industry will not change with statements but with real breakthrough innovation! 平板玻璃市场是非常成熟的。大多数销售中的产品是白玻和Low-e镀膜玻璃。15年来，我们没有看到产品有重大创新。除非通过突破性的改革，玻璃行业才能有所改变。


Synthesis (3/4) 综述（3/4) PV market is moving outside Europe PV市场移出欧洲 • In 2011, Europe counted for more than 70% in the world PV installation. • 2011年，欧洲在世界PV设施中占有70％以上。 • In 2012, that number was 55% 2012年该数是55％ • In 2013, more than 50% of the installation was outside Europe. 2013年，50％以上在欧洲之外。 China is becoming the main producer of automobiles. 中国成为汽车主要生产商。 China is the major player in the building industry. 中国是建筑工业的主要角色。 A Chinese chairman lead ICG. 中国人主席领导ICG。 China is going to produce automobile parts in Russia & USA. 中国将在俄罗斯和美国生产汽车部件。 Major flat glass producers are freezing investments in Western world and expanding their business in developing countries. 主要平板玻璃生产商停止在西方投资，扩张他们在发展中国家的业务。


Synthesis (4/4) – Conclusion 综述（4/4）－结论

In China we entered in 2014, in the year of the horse 我们进入2014年，在中国是马年。

I believe, that in the flat glass industry, we are in the decade of Asia

(with a strong Middle East and South America), even if China float glass needs consolidation.

我相信，纵然中国浮法玻璃需要整固，在平板玻璃行业，我们进入亚洲的十年。

Several western companies have made a mistake by neglecting, for a long time, Chinese flat glass industry and,

in general, non western flat glass industry. 由于疏忽几家西方公司范了错误，在很长时间，

是中国平板玻璃工业，而不是西方平板玻璃工业。


Thank you 谢谢

If you need more information, call [email protected]

A window on the world flat glass business - the year 2013 - GPD China - April 2014

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