Taiwan Glass: Jan-Feb Net Profit

Taiwan Glass Industry Corp. said it registered a parent net profit of TWD 555.08M for January and February 2005. The February parent net profit came in at TWD 171.20M, it said in a filing to the Taiwan Stock Exchange, without giving comparative figures. In another filing to the exchange, the corporation said 1 March 2005 that it had won approval from the Investment Commission to put US$ 1.50M into its ground silica sand unit in China. The unit, based in Hanzhong in the central Chinese province of Shanxi, currently has a paid-in capital of US$ 3M.