Jiuding New Materials announces that the company has decided to invest 201 million yuan to build the “Special Glass Fiber Vortex Mat Technology Renovation Project.” The project is managed by its wholly-owned subsidiary Jiangsu Jiuding Industrial Materials Co., Ltd., with the civil construction handled by the company. The project covers an area of approximately 66.66 acres and involves purchasing equipment such as kiln pools, drawing systems, and fiber throwing systems for technological upgrades and supporting auxiliary facilities. Once completed, the production capacity of the special glass fiber vortex mats will increase from 12,000 tons to 17,000 tons. Funding will come from self-owned funds and bank loans, with a construction period of two years.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Jiuding New Materials: Invests 201 million yuan to build the "Special Glass Fiber Woven Mat Technology Renovation Project"
Jiuding New Materials announces that the company has decided to invest 201 million yuan to build the “Special Glass Fiber Vortex Mat Technology Renovation Project.” The project is managed by its wholly-owned subsidiary Jiangsu Jiuding Industrial Materials Co., Ltd., with the civil construction handled by the company. The project covers an area of approximately 66.66 acres and involves purchasing equipment such as kiln pools, drawing systems, and fiber throwing systems for technological upgrades and supporting auxiliary facilities. Once completed, the production capacity of the special glass fiber vortex mats will increase from 12,000 tons to 17,000 tons. Funding will come from self-owned funds and bank loans, with a construction period of two years.