09 October 2006
09 October 2006
Fiberex Glass Corporation has entered into a Joint Venture Agreement with Taishan Fiberglass of China.
The JV, known as Taishan Fiberex Fiberglass Corporation (TFFC) will augment Fiberex’s existing manufacturing capacity of E-CR glass fibres, the additional E-CR glass fibre production being necessary to meet the growing demand for Fiberex products. The entire production of the JV will be marketed by Fiberex Marketing International (FMI), a subsidiary of Fiberex Glass Corporation.
In the words of Fred Atiq, Fiberex Chairman & CEO, “The JV with Taishan Fiberglass recognizes the key role being played by China as a strategic manufacturing base. It should not be surprising that Fiberex chose Taishan to be the pivot supporting our ambitious growth plans in the global E-CR glass fibre markets. I am confident that the professional approach of our JV partner will enhance our position in our targeted markets for years to come.”
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