# China Glass and Hony Group set up Belt and Road Glass Fund

China Glass and Hony Group Management have formed a joint venture to establish the Belt and Road Glass Fund, which will invest in glass factories in Belt and Road Initiative countries. Hony Group plans to invest about US$300 million in the fund. The fund has already confirmed the acquisition of a 69.71% stake in Orda Glass, which owns a project to build a float glass line in Kazakhstan.

- Type: Investment
- Announced: 2017-12-14
- Where: Kyzylorda, Kazakhstan, Kazakhstan
- Value: $300.0M
- Status: announced
- Capacity: 197,000 tonnes per year
- Products: float glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China Glass Holdings](https://endata.com/companies/20906.md)
- [Orda Glass Company](https://endata.com/companies/24321.md) (target)
- [Hony Group Management](https://endata.com/companies/28811.md) (investor)

## Sources

- [scmp.com](https://www.scmp.com/business/companies/article/2124315/chinese-glassmaker-takes-silk-road-eye-spot-among-worlds-top), 2017-12-14: "The group has been actively seeking to expand its glass production businesses outside [China] to leverage on the advantages and opportunities resulting from the Belt and Road Initiative."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.