Press Release: CHINA JUSHI announces the start-up of the 2nd Glass Fiber Furnace in Egypt

HELM AG will continue to market the products also from these new production capacities as exclusive distributor for for JUSHI in Germany, Austria and Switzerland.

May 24, 2016, Tongxiang, China / Hamburg, Germany

JUSHI, the world’s leading Chinese glass fiber  producer, announces the start-up of the 2nd Glass Fiber Furnace in Suez / Egypt beginning June 2016, within the context of the global extension of JUSHI’s presence in Europe and North America, as announced in 2013.

After firing up the furnace, the production will commence one month later. The Suez Plant was opened in 2013 with an annual capacity of 80,000 tonnes. This is now the 2nd phase, with an additional expansion of another 80,000 tonnes; it is to be followed by a 3rd and final furnace planned to be installed in 2017, which will mark the completion of JUSHI’s Egyptian expansion. HELM AG will continue to market the products also from these new production capacities as exclusive distributor for for JUSHI in Germany, Austria and Switzerland.

Mr. Zhang, CEO of JUSHI explains: “The expansion outside China, 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. 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 high performance applications such as wind-turbine rotor blades and automotive parts.”

JUSHI also confirms the groundbreaking for construction at Richland / South Carolina, the first production site in the USA, at the end of 2016.

Ms. Kirstin Kettler, Head of the Glass Fiber business at HELM AG, comments: “We, as the exclusive distribution partner for JUSHI, are delighted to continue providing our full technical and first-class commercial service for our valued customers. In our region, the focus is especially on the thermoplastic market with Chopped Strands and Rovings for LFT, as well as new capacity for SMC/ BMC.”

Dr. Michael Effing, Senior Advisor to HELM AG, explains: “The European Glass Fiber market is growing at a rate of 5% per year, at a size of 1.2 million tonnes for the European market, and is demanding additional capacity. Today, around 60% of the total demand is provided by local production in the EU. With their Egyptian plant, placed in the Free Trade Zone, JUSHI is contributing to meeting this climbing European demand for glass fiber.”

About JUSHI

CHINA JUSHI, headquartered in the Tongxiang Economic Development Zone, Zhejiang, China, is one of the world’s largest producers of fiberglass reinforcements. With three production bases in Tongxiang, Jiujiang, and Chengdu, JUSHI's ISO 9001-certified facilities and 10,000 employees globally can produce over 1,400,000 metric tonnes of fiberglass  per year.

www.jushi.com

About HELM

HELM AG is a family-owned company based in Hamburg, Germany, with a business tradition stretching back over over 115 years. As a multifunctional sales and distribution organization, HELM is active in the chemicals industry through its Feedstocks and Derivatives business units, in the crop protection industry, in active pharmaceutical ingredients, pharmaceuticals and medical products, as well as in the fertilizer industry. HELM is one of the world’s largest chemicals marketing companies and secures access to the world’s key markets through its specific regional knowledge and more than 100 subsidiaries, sales offices and participations in over 30 countries.

  • Sophie Wehofsich
    Head of Public Relations & Corporate Communications
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  • Axel Viering
    Executive Director Derivatives
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