Description
We.（hereinafter referred to as “the company”）, founded on
January *8th, ***4 with registered capital RMB **0 million, is a
joint venture (JV)enterprise jointly invested by China National
Materials Group Corporation and Shandong Jinjing Technology Co.,
Ltd with contributive capital of *1% and *9% equity respectively.
The Board Chairman is Mr. Baoguo Wang. The business scope covers
fiberglass, composite materials, other nonmetallic material
products and the relative equipment researching, manufacturing and
marketing.
The company occupies **0, **0 m2 in the National High &
New Technology Development area in Zibo City. It consists of two
plants (east and west) with more than 1, **0 workers and RMB**0
million annual revenue. It is one of the high & new technology
enterprises certified by department of science and technology of
Shandong Province.
We established in ***6, is a JV enterprise jointly invested by the
company and PPG Industries with *0% capital contribution from each
side. USD*9.5 million has been invested initially and top
fiberglass technology is introduced from PPG. The company has 2
furnaces and the production capacity reaches *0, **0MT per
year.
The West Plant has 2 production lines of wet process
fiberglass tissue with **0 million m2 production capacity per year.
The fiberglass tissue is divided into several types and mainly used
for roofing waterproofing, pipe corrosion resistant, fiberglass
products, fiberglass battery separator and etc. The plant also has
*6 high-pressure fiberglass pipe lines with the annual production
capacity of *6, **0T. The high-pressure fiberglass pipes
(DN*****0mm) are mainly used for water injection and oil
transportation in the oil field, natural gas transportation, city
water supply and drainage, drinking water pipeline, chemical
industry and saltwater pipeline, fire line and etc. At present,
both the equipment technological level and production capacity of
the company can reach the advanced level in domestic market.
The company always sticks to the managing concept of
“Integrity, Pragmatic, Preciseness, Innovation” and is committed to
playing an important role in the field of fiberglass research and
development, as it grows bigger and stronger, constantly creates
value, and gives back to the community and customers with the
first-class products and services.
