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Jushi Group, P-D Group plan fiberglass project

Jushi Group Co., a subsidiary of China Fiberglass Co., plans to invest in a fiberglass project with German P-D Group Co, according to a statement to the Shanghai Stock Exchange.
The facility will hav…

Jushi Group Co., a subsidiary of China Fiberglass Co., plans to invest in a fiberglass project with German P-D Group Co, according to a statement to the Shanghai Stock Exchange. The facility will have the capacity to produce 50 million meters of fiberglass per annum. Total investment is expected to be USD 57 million, and each party will have an equal share.

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