Glass Fiber And Glass Fiber Products Prices Rise To Industry Consensus

In the evening of August 17th, Changhai shares disclosed plans for the non-public offering of shares. The company intends to include more than five specific investors, including Yang Pengwei, the largest shareholder of the company, and does not exceed 45 million shares in non-public offering, and does not raise over 800 million yuan. It is mainly used to invest in the environmental protection type glass fiber tank furnace drawing production line project, the annual output of 70000 tons E-CH glass fiber production line expansion project, the annual production of 7200 tons continuous fiber reinforced thermoplastic composite production line project and 40 thousand ton / year unsaturated polyester resin production technical pformation project.

The company's stock is scheduled to resume trading in August 18th.

Changhai shares is one of the largest non-woven glass fiber products manufacturing enterprises in China.

Products and glass fiber composites.

In recent years, according to the development of glass fiber industry at home and abroad, the company has formulated the development strategy of "upgrading technology on the basis of existing glass fiber products, achieving quality upgrading, optimizing products and gradually pforming to high-end products", and striving to build the company into a leading R & D platform for glass fiber composite materials.

The non-public offering will help to achieve the company's strategic planning, promote the upgrading of the company's product structure, and lay a good foundation for the long-term development of the company.

According to the announcement, "

On the basis of the kiln production line, an annual production capacity of 55 thousand tons of boron free fluoride free tank production line is built on the existing plant and infrastructure. The "capacity expansion project of the annual production capacity of 70000 tons of E-CH glass fiber production line" is the company's pformation of equipment in the two phase 70 thousand ton kiln production line, increasing the capacity of 15 thousand tons. "The annual production of 7200 tons continuous fiber reinforced thermoplastic composite production line" will produce an annual output of a total of 7200 tons of continuous fiber reinforced thermoplastic composite products (LFT composite sheet 6000 tons, LFT composite plate (flame retardant) 1200 tons); "40 thousand tons / year unsaturated polyester resin production technology pformation project" is the 70 thousand phase of the company's 70 thousand ton / year unsaturated polyester resin production line. The production line of pool kiln drawing is the first stage pool in the company.

China is currently the largest in the world.

Production power and export power.

As the world's major economies are getting warmer, demand for fiberglass industry is picking up, product supply is tightening gradually, and glass fiber and fiberglass products prices have become the consensus of the industry. There is still room for further price rise in the future.