China Jushi to Build 200,000 Tons New Glass Fiber Project
Source:China Composites Expo
2025-06-17 11:07:19
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原文:http://shenzhen.chinacompositesexpo.com/en/news-detail-92-15896.htmlOn June 12, China Jushi announced that in response to the economic policy prioritizing domestic circulation and to expand the company's domestic growth drivers, it plans to invest in a new production line project for 200,000 tons of high-performance glass fiber annually. The project, leveraging the existing infrastructure and talent team of its subsidiary Jushi Chengdu, involves a total investment of 2.348 billion yuan.
The implementation of this project will further optimize the company's product structure, better meet the demands of high-end markets, and hold significant importance for continuously improving product offerings, enhancing core competitiveness, and achieving sustainable and healthy development.
Additionally, the announcement mentioned that Jushi Egypt plans to upgrade its 80,000-ton furnace fiberglass production line through technological improvements to increase its annual capacity to 100,000 tons, while also constructing a calcined dolomite production line in Egypt. The total investment for this project is $89.9791 million, with $83.1469 million allocated for the production line upgrade and $6.8322 million for the calcined dolomite production line.
According to China Jushi’s Q1 2025 earnings report, the company achieved operating revenue of 4.479 billion yuan in the first quarter, a year-on-year increase of 32.42% and a quarter-on-quarter rise of 6.04%. Net profit attributable to shareholders reached 730 million yuan, up 108.52% year-on-year but down 19.88% quarter-on-quarter. Adjusted net profit stood at 730 million yuan, surging 334.24% year-on-year and increasing 15.61% quarter-on-quarter.
文章来源:http://shenzhen.chinacompositesexpo.com/en/news-detail-92-15896.html