China Jushi to Invest USD653 Million in Expanding PCB Raw Materials Output
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China Jushi plans to invest CNY4.43 billion (USD653 million) to expand its production of electronic-grade glass fibers and electronic cloth for printed circuit boards, responding to rising demand in AI-related computing. The new production line in Huai’an will produce 50,000 tons of glass fibers and 320 million meters of cloth annually. This expansion follows the recent launch of the world's largest electronic-grade fiberglass production line. The project aims for an 11% pre-tax investment yield and will take about 18 months to complete. Jushi holds a 35-40% market share in China for electronic cloth.
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