[China Epoxy Industry Online] June 7, 2005: A few days ago, Jushi Group Co.
, a holding subsidiary of China Fiberglass Co.
, and PD Group of Germany planned to jointly invest in a project with an annual output of 50 million meters of glass fiber electronic cloth.
The project will have a positive impact on the extension of the company's main business industrial chain, and it will also have a positive impact on the epoxy resin industry.
Glass fiber electronic cloth and epoxy resin are the two major base materials for printed circuit boards, the "cornerstone" of the IT industry.
Fiberglass electronic cloth is one of the important materials in the IT industry, mainly used to produce printed circuit boards (PCB).
Most of the resin base material for printed circuit boards is epoxy resin.
At present, the proportion of total PCB output value in Asia has exceeded 70% of the world’s total.
my country is the world’s second largest PCB production base, with annual sales revenue and total imports and exports exceeding $6 billion.
Therefore, the construction of this project with an annual output of 50 million meters of glass fiber electronic cloth will not only support my country to comprehensively upgrade the grade of glass fiber electronic cloth and PCB products, expand exports and share in the international market, and contribute to the global industrial layout of glass fiber electronic cloth.
It will also have an impact.
They have important opinions on the development of epoxy resins, especially high-grade epoxy resins.
It is understood that the total investment in the project is 57 million U.
dollars, of which the registered capital is 26 million U.
Both parties account for 50%.
The project construction period is expected to be 1 year.
China Fiberglass was formerly known as Sinochem, and its glass fiber production capacity has exceeded 200,000 tons per year, ranking first in the domestic industry.
Its product quality, product variety, technical equipment, economic benefits, and foreign exchange earnings have also ranked in the domestic fiberglass industry for many years.
First place and become the fourth largest supplier in the US glass fiber market.
(Our reporter Shuzhi)