On 28 April 2021, Chongqing Polycomp International Corp. (CPIC) F12 furnace fiberglass production line with an annual production capacity of 150,000 tonnes of ECT glass fibre intelligent manufacturing production line project environmental assessment acceptance public announcement.
F12 is proposed to be built within CPIC's existing plant in Chongqing Changshou Economic and Technology Development Zone. Due to the strong demand for wind power and thermoset market from the second half of 2020, there is a monthly capacity shortfall of about 20,000 tonnes of direct roving sales at CPIC headquarters, as well as a budgeted direct roving capacity shortfall of nearly 180,000 tonnes in 2021. Considering that the F10 is expected to cold repair at the end of 2021, there is an urgent need to increase the direct roving capacity to meet the market demand. F12 is proposed to be built 150,000 tonne ECT glass fibre intelligent manufacturing line.
The civil construction of F12 and F13 will be constructed at the same time, and only F12 will be constructed for the equipment production line.
Total project investment: RMB 1366.96 million, construction period: 20 months.