On March 1st, China Fiberglass Industry Association released the 2022 Annual Development Report of China Glass Fiber and Products Industry . According to the statistics of the Association, the total output of domestic (mainland) glass fiber yarn will reach 7.00 million tons in 2022, up to 15.0 % year on year.
The main business income of the whole industry of glass fiber and products (excluding glass fiber reinforced composite products) reached 124.4 billion yuan, up 21.4% year on year; total profit increased by 95% year on year, reaching a record of 23.14 billion yuan. In the face of the repeated epidemic, the tightening of energy policy and the implementation of the “double carbon” development goal, and the continuous rise of various energy, raw materials, labor and transportation costs and other factors, glass fiber and product enterprises actively responded, exploring and practicing new processes and technologies for intelligent manufacturing and green and low-carbon development, carrying out supply-side structural reform, transforming high-quality development, and significantly improving the overall sales profit margin of the industry, Welcome the “14th Five-Year Plan” development to a good start.
Post time: Mar-02-2023