Fiberglass Giants Enter The PV Field

On December 29, China Jushi announced that the company planned to invest in the establishment of "Zhejiang Jushi New Energy Co., LTD.", responsible for the construction and operation of the company's future investment projects in the field of clean energy. Zhejiang Megalih New Energy (Huai 'an) Co., LTD., invested by the company, is the operating subject of wind power and photovoltaic engineering projects supporting the high performance glass fiber production line of zero-carbon intelligent manufacturing base of Megalih Group Huai 'an Co., LTD., specifically responsible for the construction and operation of wind power and photovoltaic power generation projects of the project.

China Boulder said that the company set up a new energy subsidiary, is conducive to improving the company's green manufacturing level, promote structural adjustment and transformation and upgrading, boost the company to accelerate the realization of carbon peak, carbon neutral, improve the economic benefits of the enterprise, take the road of sustainable development, really achieve high-quality development of enterprises.

According to the data, China Boulder was founded in 1999, the main business is the production and sales of glass fiber and products, the capacity scale of the world's first. In the first three quarters of 2022, the company achieved an operating revenue of 16.102 billion yuan, with a year-on-year growth of 16.38%; Net profit of 5.517 billion yuan, up 28.17% year on year.