CJS subsidiary plans to launch a cold repair and technical transformation project for a 200,000-ton annual production line of glass fiber pool kiln drawing
CJS's wholly-owned subsidiary plans to initiate a cold repair and technical transformation project for a production line with an annual output of 200,000 tons of fiberglass pool kiln drawing. The project aims to enhance the capacity of the existing 180,000-ton production line, with an expected investment of 951 million yuan and a construction period of 1 year. Upon completion of the project, the expected return on investment is 15.51%
According to the announcement from China Jushi (600176.SH), the company's wholly-owned subsidiary, Jushi Group Tongxiang Production Base, will reach the expected service life of its 180,000-ton annual capacity alkali-free pool furnace drawing production line. To ensure the safe operation of the furnace, the company plans to initiate a cold repair and technical transformation project for this production line. After the cold repair is completed, the production capacity will be increased from 180,000 tons to 200,000 tons per year. The project construction period is one year, and the start time will be determined based on market conditions and the operation status of the existing production line. The total estimated investment for the project is 951 million yuan, with funding sourced from the company's own funds and bank loans.
The company has established a smart manufacturing base for fiberglass at its Tongxiang headquarters, where core smart manufacturing equipment that is safe and controllable has been widely applied, significantly improving production efficiency and energy utilization rates, while further reducing operating costs, product defect rates, and product development cycles. Through the cold repair and transformation of this production line, new technologies and equipment from the smart manufacturing production base can be introduced, which will help improve the comprehensive utilization efficiency of resources, enhance management and control levels, and further boost the company's competitiveness. Upon completion of the project transformation, the expected return on investment is estimated to be 15.51% (the above data is only the company's estimate of the project's investment return and does not constitute a commitment to the project's investment return)
