Chengdu 40,000-tonne medium-alkali line

The Chengdu 40,000-tonne medium-alkali glass-fiber furnace line was ignited and entered production on 6 June 2006. Management reported a 160-day construction period and 52,000 square metres of building area. The operating narrative gives total investment of CNY 320 million; the project-specific investment section gives CNY 315.920 million. These are separately stated source amounts, without an explanation for their difference. Construction project 214 is explicitly labelled the Chengdu 40,000-tonne production line and reports CNY 391.910 million transferred to fixed assets, leaving CNY 115,267.71 in construction in progress. The transfer is an accounting movement; it does not resolve the difference between the two investment disclosures or measure incremental production capacity. The medium-alkali product, Chengdu site and historical project identity remain distinct from similarly sized alkali-free lines.

The board approved a capital increase for Jushi Chengdu and construction of a 40,000-tonne annual-capacity medium-alkali tank-furnace drawing line. Jushi Group held 57% of Chengdu and was to contribute RMB 17.10 million of the subsidiary's RMB 30 million capital increase. Production was expected in the third quarter of 2006. This project belongs to the Chengdu base and remains separate from both the Tongxiang alkali-free expansion and the Jiujiang line.