The construction project of 350,000 tons of fiberglass and downstream fabrics products of Jiujiang Huayuan New Materials Co., Ltd completed filings. with a total investment of RMB 6 billion and the source of funds being self-financing, and the construction period of the project is 5 years. The annual output of the project is about 350,000 tons of fiberglass yarn/roving, and it is partly for internal use, 600 million square meters of various specifications of mesh fabric and 100 million square meters of fiberglass industrial fabric will be made through further processing, totaling about 700 million square meters, and the rest will be used as finished yarn/roving. The project will be implemented in three phases: Phase I will start with the construction of one production line with an annual production capacity of 50,000 tons of fiberglass furnace fiber drawing and 300 million square meters of mesh fabric production line; Phase II will build one production line with an annual production capacity of 100,000 tons of fiberglass furnace fiber drawing; Phase III will build two production lines with an annual production capacity of 100,000 tons of fiberglass furnace fiber drawing and 300 million square meters of mesh fabric production line and 100 million square meters of fiberglass industrial fabric production line.
Jiujiang Huayuan New Material Co., Ltd. has already established on 1 June 2021 and it is a wholly-owned subsidiary of Jiangxi Huayuan New Materials Co., Ltd.
Construction unit: Jiujiang Huayuan New Material Co., Ltd.
Commencement of construction: 2021
Completion date: 2026