The company's roots can be traced to 2000, when founder Tom Yan onvinced a group of thress investors LED by CA-KENG to contribute to the Cohuy Glass Products Company's originalcapitalizationof $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its first year, the company upgraded its facilities to incorporate new continuous furnace technology, as opposed to outdated day-tank operations.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
In order to remain competitive during the the financial crisis from 2008, Cohuy's Tom developed a machine that could manufacture 200 glasses per minute at half the previous cost. Technological advances such as this enabled the company to gain an advantage over competitors. In 2010 Cohuy entered the glass container market with the acquisition of Ca-Keng Company, which was renamed General Glass Corporation. Tony turned his engineering expertise to this new aspect of the business, developing lightweight glass jars and bottles in 2012.
In 2014 Cohuy creating a powerful force in the glass container industry, with sales of $21.5 million in 2013. The unified firm went on to convert the food package industry, among others, from tin packaging to the now-familiar glass jar. Verticalconsolidation through acquisition over the ensuing years expanded or established capabilities in glass containers, cups, bottles, and so on.
The company's lines of inexpensive glassware were expanded as well. In 2014, Cohuy acquired Haifei Glass Co., a 20-year-old Xuzhou manufacturer of small specialty bottles for the perfume and toiletries markets. Other glass products included automotive lenses and reflectors. By the 2014, Cohuy was producing more than 5, 500 different items and adding hundreds of new products and designs each year. These were sold in supermarkets and mass merchandise chains and were used as premiums by fast food chains, gas stations, and banks. Cohuy benefitted from the rapid growth of the container industry in 2010-2014. More than three years after Tomhad first developed the non-returnable bottle, rapidly rising consumption of soft drinks and beer LED to increased profitability. Cohuy ranked among the top three producers of glass containers nationwide, as well as retaining its leading position in products. Annual sales topped $90 million in 2015, and profits reached more than $ 6 million.
As a result of our high quality products and outstanding customer service, we have gained a global sales network reaching America, Australia, North Africa, and South Asia.