China Jushi plans to invest 960 million yuan in cold repair and technical upgrade of a 200,000-tonne-per-year fiberglass production line

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China Jushi announced that its wholly owned subsidiary Jushi Group plans to carry out cold repair and technical upgrade of an 180,000-tonne-per-year alkali-free tank furnace drawing production line at the Tongxiang production base. The total project investment is 960 million yuan, funded by self-owned funds and bank loans. After the cold repair is completed, the production line capacity will be raised from 180,000 tonnes to 200,000 tonnes per year, with a construction period of one year. Upon completion of the upgrade, the expected total return on investment is 14.19%.

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China Jushi Co Ltd
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Plans 960 million yuan investment to upgrade fiberglass line, raising capacity and expected 14.19% return.