A-share company Changhai Co., Ltd. plans to invest in the construction of a 600,000-ton high-performance glass fiber intelligent manufacturing base project.
In order to meet the needs of the company’s medium and long-term development strategy and capacity layout, further improve the glass fiber production industrial chain integrating raw silk production, product processing to composite manufacturing, and enhance the company’s industry competitiveness, the company plans to invest in the construction of 600,000 tons of high Performance glass fiber intelligent manufacturing base project.
The total investment of this project is 6.347 billion yuan: fixed asset investment is 5.967 billion yuan; current capital is 380 million yuan. The project will build four fiberglass pool kiln drawing production lines with an annual output of 150,000 tons, including production line technology and equipment, production workshop civil construction, supporting public works and civil construction, production auxiliary facilities, general plan transportation and plant pipelines, etc.
According to the project feasibility study report, after the completion of the project, the average annual sales income will be 3,834,193,500 yuan, the annual average net profit will be about 1,534.3907 million yuan, the after-tax financial internal rate of return is 28.57%, and the investment payback period will be 6.43 years. It has a good economy benefit.
After the completion of this project, the company’s existing production capacity will be further expanded, the product structure will be more reasonable, and the cost advantage will be more obvious. At the same time, it will expand the application fields of products, especially the wind power field, improve the company’s industrial chain layout, and enhance the company’s industry competition It can effectively promote the company’s sustainable, stable and healthy development.
Hebei Yuniu Fiberglass Manufacturing Company Limited is a fiberglass material manufacturer with over 10-year experience, 7- year exporting experience.
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Post time: Oct-19-2021