Jiuding new material 165 million glass fiber production line

jiuding New Materials (002201) bulletin, August 10, 2010, the company's board of directors passed the "on investment construction" HSC glass fiber production Process energy optimization project "Motion", decided to adopt deep pool cold top all electric melting technology on the company's existing glass fiber production line transformation, the project total investment of 165 million yuan. Jiuding new material Introduction, the project is to ensure the company's glass fiber deep-processing products sustained rapid and healthy development needs. HSC glass fiber is developed by the company with independent intellectual property rights have a significant high strength and low cost characteristics of high-performance special glass fiber, the product to fill the gaps in the domestic level of technology to achieve the leading domestic. Using HSC fiber production of reinforced grinding wheel with glass fiber mesh, with high strength, good resin bonding advantages, can meet the needs of ultra-high speed cutting wheel, has been widely recognized by customers at home and abroad. However, the steady and rapid development of the grinding wheel mesh requires the guarantee of continuous and steady supply of HSC fiber yarn, because the company's HSC fiber production line consists of 52 crucible and 1 pool kiln, the kiln age has reached the design life, will be discontinued cold repair. If no measures are taken, the supply shortage of HSC fiber will be formed at least 3 months after the cold repair of the kiln, which will cause irreparable consequences to the production and operation of the company.　　Therefore, the company will launch the above transformation project as soon as possible. Jiuding pointed out that after the implementation of the project can also achieve significant energy-saving effects, the use of this technology can also make glass fiber ton of raw silk energy consumption is far lower than the "glass fiber industry access conditions" in the "pool kiln Flushing line unit energy consumption ≤ 1 tons of coal/ton of raw silk" requirements　　Also than the company's existing glass fiber wire drawing line comprehensive energy consumption reduced by nearly 40%. Jiuding new materials at the same time disclosed that, because of the needs of urban construction, the company is located in Rugao Zhongshan Road, 1th, the land was reclaimed by the government, the land use rights for Jiangsu Jiuding Group Co., Ltd. owned, most of the housing ownership for the company.　　It is expected that the government compensation for the company's housing relocation and compensation for the delay of 35.36 million yuan. In addition, jiuding the first half of the new materials to achieve operating income of 235 million yuan, increased by 29.98% from a year earlier, operating profit of 6.6969 million yuan, down 9.5% from a year earlier, net profit attributable to shareholders of the parent company 6.9927 million Yuan, a year-on-year increase of 1.15%.