Changhai Shares Cost 600 Million To Build Special Glass Fiber Projects

Changhai shares announced today that it will invest 596 million yuan to build an annual output of 70 thousand tons of E-CH glass. fibre Production line. The estimated annual operating income is 550 million yuan, and the annual profit after tax is 158 million yuan.

It is reported that the project will adopt advanced international technology of pool drawing, pure oxygen combustion technology, large leak plate multi splitting and multi splitting technology and other international advanced technologies. It will produce 35000 tons of felt yarn, 20000 tons of high-strength direct yarn and 15000 tons of thermoplastic short cut fiber. At present, there are very few special glass fiber production enterprises in China. There are only 50 thousand tons of E-CR products at present. The giant stone group has E6 products. The sales situation of these products is very good. Changhai shares are based on the special glass fiber properties, and the new E-CH special glass fiber company has a good market prospect.

According to the announcement, the total investment of the project is 596 million yuan. This project intends to use the company's over raised fund of 325 million 850 thousand yuan, and the company's own capital is equipped with 74 million 150 thousand yuan to raise funds. capital It's 400 million yuan. Among them: 389 million 440 thousand and 100 yuan for construction investment and 10 million 559 thousand and 900 yuan for working capital. In addition, the investment of the project is 196 million 379 thousand yuan, of which the loan principal is 190 million 197 thousand and 900 yuan, and the construction period has an interest rate of about 6 million 180 thousand yuan.

It is reported that the project is expected to start preliminary design in July 2011, ignition and commissioning in January 2012. The estimated annual operating income is 552 million 715 thousand and 400 yuan, and the annual profit after tax is 158 million yuan. The company made a net profit of about 49 million 550 thousand yuan in 2010.

The announcement said that the domestic market demand of the product is exuberant, and the users are reliable and implemented. It is expected that the main market demand for domestic fiberglass will reach 2 million tons at the end of 12th Five-Year. At present, the output of FRP in China has ranked second in the world, but its per capita possession is very small. The United States is 3.6 kilograms, Japan is 2.2 kilograms, our country is only 0.75 kilograms or so. From this we can see that the development potential of FRP industry is huge. market The prospect is broad.