Recently, Jinchuan Group Engineering and Construction Co., Ltd (Jinchuan) and Jiangsu Jiuding New Material Co., Ltd (Jiuding) signed an annual 10000 tons production capacity composite materials project joint venture agreement.
The composite materials project signed this time has a total investment of about US$ 6 million (35 million Yuan). It will construct 4 CNC winding production lines, 6 pultruded profiles production lines, and 1 sets of molding process line. All of those production lines have reached the international production line advanced technology level.
The project will complete an annual production capacity of 10000 tons of large glass fiber reinforced plastic composite material products. These products will not only meet Jinchuan production and construction requirements, but also form the competitive advantage in the surrounding market.
Since September 2012, Jinchuan has especially focused on the new building materials, coating materials, construction waste utilization, and real estate development. The company has actively discussed the cooperation with external companies. Finally, Jinchuan has selected Jiuding as the partner for the composite materials project.
Both sides have decided to form a jointventure in Gansu. The JV has been name as Jinchuan Jiuding Composite Materials Co., Ltd. The new company’s main business includes design and development, production, and sales installation of composite materials new products.