NSG Group Divests from Vietnam Float Glass, Shifts Focus to High-Value Products

NSG Group has officially completed the transfer of its equity interest in  Vietnam Float Glass Co., Ltd. (VFG) to its joint venture partner, Viglacera Corporation – JSC. This move, announced recently, signifies a strategic shift for the global glass manufacturer, aligning with its “2030 Vision: Shift the Phase” medium-term plan.

VFG, established in 1995 as Vietnam’s first float glass manufacturing company, has been a key supplier of architectural glass within the Vietnamese domestic market. However, increased competition within the commodity architectural glass sector in Southeast Asia prompted NSG Group to reassess its position. The divestment allows the company to focus on the production of high-value-added products, a core tenet of its long-term strategy.

While relinquishing its stake in VFG, NSG Group remains committed to the Southeast Asian market. The company will continue manufacturing glass for solar panels at NSG Vietnam Glass Industry Co., Ltd. in Vietnam, and Malaysian Sheet Glass SDN BHD in Malaysia. This ongoing presence underscores the company’s dedication to the region while prioritizing businesses that contribute to sustainable development.

The “2030 Vision: Shift the Phase” plan emphasizes expanding profits in high-value areas. This strategic decision regarding VFG reflects NSG Group’s proactive approach to adapting to evolving market dynamics and solidifying its position as a leader in specialized glass solutions. The company’s continued operations in solar panel glass production further demonstrate its commitment to sustainable and high-value-added business ventures in Southeast Asia. The transfer ensures VFG will continue its operations under the guidance of Viglacera Corporation – JSC,, its local joint venture partner since its inception.