An Industrial Base with An Output of 0.6 Million Tonnes Fiberglass Was Set Up in Tongxiang

A ceremony for setting-up of an industrial base with an output of 0.6 million tonnes fiberglass was held on July 28th in Tongxiang, the headquarter of Jushi Group Co., Ltd., as the company is ranked No.1 fiberglass manufacturer in the world.

The industrial base with an output of 0.6 million tonnes fiberglass in Tongxiang was started construction on Feb 1st and finished on July 28th with a total investment of 8 billion Yuan. The industrial base has five ultra-large production lines with technology of wire drawing in tank. The total production capacity is 0.9 million tonnes, with the largest single line output of 0.16 million tonnes. It is the largest scope and most advanced fiberglass industrial base in the world.

Jushi Group Co. Ltd has become No.1 in fiberglass production in scope in the world. China Fiberglass Co. Ltd is ranked among the top 10 public listed companies by Forbes.

Jushi Group Co. Ltd is planning to reinvest 10 billion Yuan in 2012 and reach the production capacity of 1.50 million tonnes, which takes more than 25% of the world production.