China and Saudi Arabia will jointly produce fibreglass pipes in Dalian, a coastal city in northeast China“s Liaoning Province.
Construction of the Dalian Amiantit Fiberglass Pipe Co., Ltd. has begun…
China and Saudi Arabia will jointly produce fibreglass pipes in Dalian, a coastal city in northeast China“s Liaoning Province. Construction of the Dalian Amiantit Fiberglass Pipe Co., Ltd. has begun and it will cost US$ 35.8 million. It is the first joint venture funded by Saudi Arabia in northeast China. The company is expected to begin operation in June 2001 and it will produce 10,000 tons of fibreglass and 15,000 tons of fibreglass tubes a year. Its annual sales volume is expected to reach 250 million yuan (about US$ 30 million). The equipment and technology were imported from the US and Sweden.