(China Glass Network)The third biggest fiber glass company which owns 6 percent of the glass fiber yarn market all over the world, FULLTECH FIBBER GLASS GROP. announced investment of 150 million RMB to build a new factory mainly make products like glass fiber yarn and fabric.
Zhang Yuanbin , president of FULLTECH announced that the first and second construction cycle of the new plant is 3 years, which will start later this year. The third one will begin in 2014 and last for one and a half years.
“It’s known that fibber glass does not belong to labour intensive industry, and the gross profit of it can be up to 30 percent to 40 percent. We made the investment decision on the basis of these factors and We want to scale up our extension . The appraisal report will come out by the end of June.”
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