China Jushi Co., Ltd (600176.SH) plans to invest 760 million yuan to build a 200,000-ton glass fiber bushing drawing production line technical transformation and expansion project.

Announcement from China Jushi Co., Ltd (600176.SH): The wholly-owned subsidiary of the company, Jushi Group Co., Ltd. (referred to as "Jushi Group"), has announced that the pultrusion production line of 120,000 tons of glass fiber pool kilns at its Tongxiang base has reached the design service life limit. In order to enhance resource utilization efficiency, reduce production costs, and further improve control levels, Jushi Group plans to implement a cold modification of the production line, integrating the company's latest kiln technology, intelligent manufacturing technology, and other construction solutions. After the renovation is completed, the production capacity of the production line will increase to 200,000 tons, with a total investment of 760 million RMB.