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6/13/2016 | 1 MINUTE READ

Jushi Group fires up second glass fiber furnace in Egypt

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This second phase will bring an additional expansion of another 80,000 tons to its Egypt facility.

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Chinese glass fiber producer Jushi Group Ltd. continues to add capacity to its plant in Suez, Egypt. Jushi announced the start of its second glass fiber furnace began at the start of June 2016.

The Suez Plant opened in 2013 with an annual capacity of 80,000 tons. The second phase will bring an additional expansion of another 80,000 tons, to be followed by a third and final furnace planned to be installed in 2017, designating the completion of Jushi's Egyptian expansion. Also for these new capacities, Helm AG will continue to market the products as exclusive distributor for Germany, Austria and Switzerland for Jushi.

“The expansion outside of China and serving Europe with our full range of products, both thermoset and thermoplastic, is part of our corporate strategy to be a truly global supplier of glass fiber systems to our worldwide customers,” said Zhang Yuqiang, CEO of Jushi. “Investing in further innovative products, we will launch a new high performance E8-Glass comparable to the traditional S-Glass to the market by end of 2016, which will have higher strength and stiffness for applications such as wind rotor blades and automotive parts.”

Jushi also confirmed the groundbreaking for its first site in the U.S. will be held by the end of 2016.

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