# Xinyi Glass to invest $11.5B in quartz sand processing plant in Indonesia

Xinyi Glass Holdings signed an MOU with the Indonesian government to invest $11.5 billion in a quartz sand processing plant on Rimpang Island, Indonesia.

- Type: New facility
- Announced: 2023-07-28
- Where: Rimpang Island, off Sumatra, Indonesia, Indonesia
- Value: $11.5B
- Status: announced
- Products: quartz sand
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Xinyi Glass Holdings](https://endata.com/companies/28460.md)

## Sources

- [reuters.com](https://www.reuters.com/article/legal/government/chinas-xinyi-to-invest-115-billion-in-indonesia-factory-indonesian-minister-idUSL4N39E2UZ/), 2023-07-28: "Chinese glass producer, Xinyi Glass Holdings Ltd, has committed to investing $11.5 billion to build a quartz sand processing plant in Indonesia."

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