Xinyi Glass Invests $386 Million to Build First Automotive Glass Plant in Saudi Arabia

Reuters
2026.01.15 03:03
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Xinyi Glass Holdings Ltd. is investing approximately USD 386 million to build its first automotive glass plant in Saudi Arabia, in partnership with MODON. The facility will span over 350,000 square meters and produce float glass, automotive glass, and Low-E energy-saving glass. This marks Xinyi's first base in the Middle East and aims to support Saudi Vision 2030 by enhancing industrial localization and export diversification.