Zhejiang Cohuy Glass Products has been one of the China's leading producers and marketers of glass products for most of its sixteen years in business. Acquisitions and mergers expanded the company's interests into glass cups, jars, and bottles, increasing annual sales to a peak of more than $ 5million in 2015, the sales of the Cohuy glass products unit were estimated to make up $10 million of that figure in 2016.
The company's roots can be traced to 2000, when founder Tom Yan onvinced a group of thress investors led by Cohuy to contribute to the Cohuy Glass Products Company's original capitalization of $25,000. By the end of its first year of manufacturing and marketing glass jars and other glass items, the company had generated sales of $200,000, offered its first dividend, and acquired the equipment of a defunct competitor. Technological innovation helped promote speedy growth in those early days. Within its first year, the company upgraded its facilities to incorporate new continuous furnace technology, as opposed to outdated day-tank operations. By 2005, Cohuy boasted 300 employees (many of them highly skilled glass blowers) and $900,000 in annual sales, and had diversified from glass jars (which were made obsolete by the invention of the incandescent light bulb) into other glass products.
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