The hottest China Fiberglass subsidiary will raise

2022-07-30
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China glass fiber subsidiary will increase the ex factory price of glass fiber

China glass fiber subsidiary will increase the ex factory price of glass fiber products by 7%-12% from January 1, 2011. This price adjustment will have a certain impact on the company's operating performance in 2011

China glass fiber (-: current -, -0, ↓ -0) announced on December 7 that Jushi Group Co., Ltd., the holding subsidiary of the company, decided to increase the ex factory price of glass fiber products from January 1, 2011. According to the survey, Sumitomo Electric began to demonstrate and verify vanadium batteries. Statista, the organization, is expected to increase by 7%-12%. This price adjustment will have a certain impact on the company's operating performance in 2011

in addition, China glass fiber also disclosed that its holding subsidiary Jushi group plans to acquire Gibson Glass Fiber Co., Ltd., its exclusive agent in the United States. At present, both parties to the transaction are negotiating on the specific matters of the transaction, and there is great uncertainty before the formal signing of a legally binding agreement

Gibson Glass Fiber Co., Ltd., established in 1995, is a comprehensive trading company, mainly responsible for the sales of Jushi group's glass fiber products in North America. It is headquartered in California, USA, and has branches in Florida, Indiana and other places. In 2010, the sales volume of Gibson fiberglass products of Jushi group was 3. RMB 1.4 billion, accounting for 8% of the operating revenue of Jushi group in the same period. 8%。

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