15 April 2007
15 April 2007
China's largest production base for composite materials, in which Tianma Group has invested RMB700 million, has started construction in the Changzhou National Hi-Tech District's Binjiang Fine Chemical Industry Park.
The production base will include a 30,000t alkali-free fibreglass melting kiln, 6-7 chopped strand mat production lines, 10 stitched fabric units, and a complete set of geogrid units with a total production capacity of 100 million square meters. After construction is completed, the new plant will be able to realize sales of above RMB2 billion, generating estimated annual profits of RMB300 million.
Changzhou Tianma Group was previously known as the Building Material No. 253 Factory that was founded in 1960, and was transformed to its current presence through system reform. At present, the company has 4 Sino- foreign joint ventures and multiple investment enterprises. It covers an area of more than 260,000m2. After 47 years' development, Tianma Group has grown into a trans-regional and cross-industrial business group with diversified functions such as R&D, production, marketing, talent training and information services, as well as an FRP raw material industrial base. Currently, it mainly produces unsaturated polyester resin, gel coat resin, fibreglass and fibreglass products, geo-materials, fibreglass mats and FRP products.