Global Expansion in Full Swing at China Jushi
The global leader in fiberglass, China Jushi, has confirmed that the global expansion is in full swing with its third furnace in Suez, Egypt planned to come onstream in the 2nd half of 2017. The production facility will be completed three years earlier than planned, and will have a capacity of 200,000 tonnes p.a.
James Wang, General Manager of International Sales at Jushi, explains: “Through the implementation and completion of our worldwide globalization strategy, serving Europe and North America, we can supply to every continent in the world, which is important for our global customers." Already on 8 December 2016, China Jushi's first fiberglass production line in the USA, Richmond, South Carolina, with a capacity of 80 kt p.a. broke ground. Construction will finish and the facility will come onstream in the last quarter of 2018, employing 400 workers.
Kirstin Kettler, Head of fiberglass at Helm AG, announces: “As the exclusive distribution partner for Jushi in Germany, Austria and Switzerland, we are very pleased with the developments and results in Egypt. Hence, we are happy to announce that we are intensifying our customer service, offering silotruck deliveries to our Chopped Strands Thermoplastics customers with immediate effect. For our customers, this means significant cost savings and an efficiency increase."
According to Dr Michael Effing, Senior Advisor to Helm AG, the European thermoplastics market is growing constantly a rate of 5 to 6 % per year. At 1,5 million tonnes of glass-fiber-reinforced thermoplastic compounds (including LFT compounds), thermoplastics are representing 54 % of the European market.
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