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Taiwan Glass Industrial Corp in Packaging Industry (Taiwan)

New C&M analysis: Packaging Industry (Taiwan) Taiwan Glass Industrial Corp Company Profile


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2014-03-18 22:34:03 - Taiwan Glass Industrial Corp in Packaging Industry (Taiwan) - a new company profile report on companiesandmarkets.com

Taiwan Glass Industrial Corporation engages in the manufacture, production, processing, distribution, and sale of various glass products in Taiwan and internationally. It provides flat glass products, including float glass, processed glass, and auto glass products for building construction, furniture, home decoration, mirrors, automotives and boats, photovoltaic covers, and gifts applications; fiberglass fabrics for electronic and information products; and fiberglass reinforced products for yachts, building materials, industries, engineering, and sports goods. The company also offers glass containers for food, beverages, spirits, medical packaging, storage, and airtight containers; tableware products comprising bowls and plates, water tumblers, wine glasses, mugs, storage jars and boxes, ashtrays, candleholders, and other products for beverage, food, gift, home decoration, and signboards; and kitchenware products, such as tea

 

 

pots, pitchers, bubble balls, storage jars, coffee pots, and glass covers. In addition, it provides photoelectric glass products, such as photovoltaic cover glasses and concentrating solar power glasses. The company was founded in 1964 and is based in Taipei City, Taiwan. In 2010–2011, manufacturers have focused on new product development in packaging. Innovative packaging that seeks to be different has been at the forefront of marketing efforts to expand in a market where competition is intense but purchasing power has yet to fully recover. In terms of functionality, there have been new developments such as trigger closures on toilet cleansers that allow for spraying at any angle and offer both mist and foam options. Shape, design and materials used have all undergone innovative changes.

Following Taiwan´s entry into the World Trade Organization (WTO) in 2002, taxation changes lead to soaring rice wine prices, up from NT$20 per 600ml glass bottle to NT$180 in a short timeframe. Use of glass in rice wine fell from 100% market share and approximately 200 million glass bottles to a 3% market share at approximately 7.5 million bottles. PET bottles became the rice wine packaging of choice for several small regional players. In 2009, public pressure caused the traditional leading brand of rice wine in glass bottles, TTLC, to reduce its price to NT$50 a bottle, which resulted in a significant bounce in sales, almost 70 million bottles. In mid-September 2010, TTLC further dropped the bottle price to NT$25 as a result of the government replacing taxation of rice wine labelled "For Cooking Only" as an alcoholic drink with a cooking wine tax. This change allowed glass packaging for non-grape wine, mainly rice wine, to increase almost 34% in 2010 and over 26% in 2011.

Convenience stores have been increasing the services they offer their consumers. In 2010 and 2011, stores have aggressively expanded their range of chilled processed ready meals whilst at the same time offering in-store seating and benches, and at some locations outdoor seating with tables. With consumers readily taking to the new offerings, there has been robust demand for plastic trays and folding cartons, the most commonly used pack types for this type of product, as well as flexible plastic as secondary packaging. Product offerings are expected to continue to expand due to strong consumer demand, resulting in manufacturers seeking out more interesting packaging designs.

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