China Fiberglass to Build New Production Line in the U.S

(China Glass Network) To deal with the fierce anti-dumping pressure from overseas market, the largest glass fiber manufacturer of China, China Fiberglass Company will invest 330 million USD to build a new production line in the U.S.

The news release from China Fiberglass announced that the company will set up a subsidiary in the U.S. and build a new alkali-free glass fiber production with annual output of 100,000 tons, total investment of the project is 330 million USD. It is expected that the project will be located in South Carolina and construction start in 2013. The annual sales income of the project is expected to be 134 million USD with annual profit of 26.03 million UED. The new plant of China Fiberglas will efficiently help perfect Global industrial structure and avoid the threat of international trade protectionism.