Taiwan Glass to Expand High-End Fiberglass Fabric Capacity; Chairman Lin Says Supply Shortage to Last Until End of 2027

(Central News Agency, Taipei, 12th) Taiwan Glass Industry Corporation (TGI) Chairman Lin Bo-feng stated that, driven by AI demand, the company will continue to increase the proportion of high-end fiberglass fabric products. This year, it will invest an additional NT$2 billion to expand capacity for Low DK (Low Dielectric Constant) and Low CTE (Low Coefficient of Thermal Expansion) products. Current supply and demand remain tight, and the product shortage is expected to continue until the end of 2027.

TGI held its shareholders' meeting today. Chairman Lin stated that with the rapid development of AI applications, market demand for high-speed, high-performance materials has increased significantly. The company began R&D on high-end Low DK and Low CTE fiberglass fabrics in 2023, bringing in a foreign technical team for joint development. The development was successful in 2024, and customer certifications were obtained last year.

Chairman Lin pointed out that TGI has been adjusting its capacity layout in recent years, moving some low-end equipment to mainland China for production, while Taiwan factories focus on high-end product manufacturing to enhance product added value and profitability.

To meet growing customer demand, TGI is investing another NT$2 billion this year to expand related capacity, ensuring the supply capability of Low DK and Low CTE products. Current market demand is very strong, and the supply-demand gap is difficult to fill in the short term, with the shortage expected to last until the end of 2027.

Chairman Lin said that high-end Low DK and Low CTE products now account for about 40% of TGI's fiberglass fabric business and are its most profitable product line. In the future, in addition to continuously increasing capacity, the company will also co-develop new products and new application markets with customers.

Regarding competitors, Chairman Lin stated that TGI's global market share in fiberglass fabric is about 18% to 20%, with the main competitor being Japan's Nitto Boseki, which holds over 50% of the high-end fiberglass fabric market. TGI will continue to invest in R&D innovation and talent cultivation, and strengthen its market competitiveness by improving product quality and reducing costs.

TGI stated that looking ahead, in addition to continuing to develop high-end fiberglass fabric products, it will also promote high value-added products such as energy-saving glass and photovoltaic glass, and accelerate its low-carbon transition layout to enhance competitiveness.