JEC COMPOSITES MAGAZINE - Issue #93 - December 2014 - 21

60,397,000,000 yuan, a yearon-year increase of 10.67%;
operating expenses, management expenses, and financial
expenses saw a year-on-year
increase of 10.9%, 11.0%,
and 8.9% respectively; and
total profit amounted to
4,140,000,000 yuan, a yearon-year increase of 15.03%.

Fluctuation of export volume of fiberglass in China since 2008

the production capacity of
large-scale further or finely
processed products, including thin felts, chopped strand
mats, knitted mats, electronic fabrics, checked fabrics
and multiaxial fabrics, by
building new facilities or
through mergers & reorganisation, so as to improve the
rate of use of their own glass
fibre yarns. For example,
the Jushi Group is rapidly
creating a production line of
100,000,000-meter electronic fabrics, Chongqing
International has expanded
its production capacity of
multiaxial fabrics, Changzhou Tianma, a subsidiary
of Jiangsu Changhai, has further enhanced its advantages
in the technology and production scale of felt products
and is successfully entering
the market of glass fibre wall
fabrics, and Shandong Fibreglass has set foot in the PCB
mat market by introducing a
complete production line of

thin mats from Germany.
On the other hand, after
experiencing the chaos of
overcrowding the sector by
blindly changing their facilities to produce similar products, small- to medium-sized
manufacturers have become
aware of the fact that they
should focus on differentiating their products from those
of larger manufacturers that
use tank furnaces, give up the
small & all-inclusive organisation model, and instead
concentrate their limited
resources on the key business fields, thus achieving a
centralised, differentiated,
and specialised operation.
New processing technology for fabric products and
post-treatment coating have
become important means for
manufacturers to achieve differentiated production and to
increase the added value of
their products. Today, glass
fibre products are applied in
an increasingly wide scope.

Overall sector
performance:
steadily enhanced
economic benefits
In 2013, the main operating income of the glass
fibre sector amounted to
131,080,000,000 yuan, a
year-on-year increase of
13.5%; the main operating cost of the sector came
to 111,200,000,000 yuan,
a year-on-year increase of
15.3%. Operating expenses,
management expenses, and
financial expenses saw a yearon-year increase of 6.1%,
4.6%, and 6.1% respectively,
and the total annual profit
amounted to 8,390,000,000
yuan, a year-on-year increase
of 9.3%.

In recent years, the glass
fibre sector has gradually
tapped its potential through
reconstruction and better
management, thus controlling the rapid growth of
production costs effectively. In 2014, the glass
fibre sector has continued
to promote the cold repair
of tank furnaces to improve
the technical process, adjust
the product structure, and
strengthen marketing management. It also hopes to
improve product quality and
added value. As the market
warms up, product prices are
rising slightly and industrial
profit is rapidly increasing.

Overseas market: improved export situation

In 2013, the export volume of glass fibre materials
and products amounted
to 1,191,000 tons, a yearon-year decline of 1.60%.
Specifically, the export
volume of glass fibre yarns
came to 578,000 tons, a yearon-year decline of 2.75%;
the export volume of glass
fibre products amounted to
504,000 tons, a year-on-year
In the first half of 2014, the
decline of 1.18%; the export
main operating income of the volume of chopped strands
glass fibre sector amounted
amounted to 109,000 tons,
to 70,596,000,000 yuan,
a year-on-year increase of
representing a year-on-year
2.84%.
increase of 10.28%. Main
operating costs came to
In the first half of 2014,
No93 December 2014 /

jec composites magazine 21
JEC COMPOSITES MAGAZINE - Issue #93 - December 2014

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #93 - December 2014
