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Zhejiang Cohuy Glass Products has been one of the China¡¯s leading producers and marketers of glass products for most of its sixteen years in business. Acquisitions and mergers expanded the co***ny's interests into glass cups, jars, and bottles, increasing annual sales to a peak of more than $ 5million in 2015, the sales of the Cohuy glass products unit were estimated to make up $10 million of that figure in 2016.
The co***ny's roots can be traced to 2000, when founder Tom Yan onvinced a group of thress investors led by Cohuy to contribute to the Cohuy Glass Products Co***ny's original capitalization of $25,000. By the end of its first year of manufacturing and marketing glass jars and other glass items, the co***ny had generated sales of $200,000, offered its first dividend, and acquired the equipment of a defunct competitor. Technological innovation helped promote speedy growth in those early days. Within its first year, the co***ny upgraded its facilities to incorporate new continuous furnace technology, as opposed to outdated day-tank operations. By 2005, Cohuy boasted 300 employees (many of them highly skilled glass blowers) and $900,000 in annual sales, and had diversified from glass jars (which were made obsolete by the invention of the incandescent light bulb) into other glass products
In order to remain competitive during the the financial crisis from 2008,Cohuy¡¯s Tom developed a machine that could manufacture 200 glasses per minute at half the previous cost. Technological advances such as this enabled the co***ny to gain an advantage over competitors. In 2010 Cohuy entered the glass container market with the acquisition of Cohuy Co***ny, which was renamed General Glass Corporation. Tony turned his engineering expertise to this new aspect of the business, developing lightweight glass jars and bottles in 2012.
In 2014 Cohuy creating a powerful force in the glass container industry, with sales of $1 million in 2013. The unified firm went on to convert the food package industry, among others, from
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| Company: |
Yiwu Cohuy Glass Products Co.,Ltd
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| Contact: |
Mr. Tony Huang |
| Address: |
qijiguang road 313,nancheng squareB |
| Postcode: |
322000 |
| Tel: |
86 0579 85897030 |
| Fax: |
86 0579 85897030 |
| E-mail: |
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