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11-29-2012

Helm: Introduction of Jushi´s Thermoplastics to Europe

Helm AG, Hamburg, Germany, appointed Dr.Michael Effing from AMAC, Aachen, Germany, to advise, promote and further develop the introduction and distribution of Chinese Jushi Group´s thermoplastic glass fiber business to the European market. The cooperation is focused on following territories: Germany, Switzerland, Austria and Benelux. As of December 1st 2012, Effing will thus act as advisor and share his expertise in the complete thermoplastic product portfolio (Chopped Strands and LFT roving).

In the context of the extension of Jushi´s presence in Europe, the glass fiber producer is to open a new production plant in Northern Egypt within 2013. The plant with a total planned capacity of 200,000 tons (start in phase 1 with 80,000 tons in 2013) aims to serve as strategic facility to intensify Jushi´s export business to Europe, as well as Middle East and India. In this plant, Jushi will produce the full range of chopped strands and LFT roving thermoplastics, exclusively developed for and dedicated to the European Market. This plant is Jushi´s first investment outside of China, as well as the first step for the globalization of the company.

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