Fulltech to set up fiber glass fabric plant in China

PCB upstream material maker Fulltech Fiber Glass plans to invest US$16 million to set up a plant in China to produce fiber glass yarn and fiber glass fabric products, according to a Chinese-language EconomicDaily News (EDN) report.

The company will start building the new plant in 2016 at the earliest, said the paper, citing sources at Fulltech.

The company posted consolidated revenues ofNT$4.481 billion (US$136.07 million) in the first 11 months of 2015, increasing 5.9% from a year earlier.

Fulltech's share price gained NT$0.3 or 2.8% to close at NT$10.95 on the Taiwan Stock Exchange (TSE) during the December 30 session.