Taishan Fiberglass has announced price increases

Taishan Fiberglass, a CNBM-Sinoma subsidiary, has announced that, in view of the recent environmental protection, seasonal factors, as well as tight supply of ore, natural gas and other chemical raw materials, the costs of raw and supplementary materials and logistics continue to rise.

Taishan Fiberglass has announced price increases

“Taishan Fiberglass is facing greater pressure on operating costs. To ensure the company’s healthy development, and to provide our customers with better quality products and services, combined with the current market conditions, the company’s research took the decision to proceed with restoring upward some glass fiber product prices”, says Taishan Fiberglass.

From November 8, 2019 onwards, alkali-free glass fiber – no-twist roving (1000TEX or above) sales price increases by 150 yuan / ton, non-alkali glass fiber roving – felt, panel (T984 series) sales price increases by 200 yuan / ton.

According to China Glass Fiber Industry Association and China Composites Industry Association, from January to August 2019, main business income of Chinese fiber composite materials companies reached 94.2 billion yuan, an increase of 10% over the same period last year; meanwhile, total profits amounted to 7.4 billion yuan, down 9.9% from the same period last year.

Companies: ctgf

Countries: China

Terms: Asia-Pacific, Business

This article has been edited by Basalt.Today
This article has been written on JEC Composites Magazine
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