China Jushi Co.,Ltd (China)

The company is China’s largest glass fiber and products manufacturer. Glass fiber related business is operated primarily through its subsidiary Zhejiang Jushi Group Co., Ltd. In August 2007 through MB3.5 billion fund-raising private placement the company wholly owned Jushi group. Jushi Group is a state-level as well as national Torch Plan enterprise and is the largest glass fiber manufacturer of China with No.1 production capacity in Asia. The main company customers are from energy, transportation, oil, power, electronics industries. Over 50% of its glass fiber products are exported to the U.S. and Japan. The company also involes in commercial real estate development and management, residential product chain management and logistics. The company owns an E-glass direct-melt production line in Tongxiang, Zhejiang province with annual capacity of 120,000 tons, which is currently the world's largest and most technologically advanced production line.