The third Egyptian line is a 40,000-tonne high-performance glass fiber project, with construction reported to have started in May 2016. The important-construction table reports a CNY 673,994,800.00 budget, CNY 161,930,881.05 of additions and closing construction, a reported investment ratio of 24.03% and engineering progress of 25%. Funding is described as own funds and borrowing. A separate narrative gives total investment of 10,995.02 ten-thousand US dollars and an approximate one-year construction period, while management expected completion and production in the second half of 2017. These are source-specific currency and timing disclosures; the English account does not invent an exchange-rate conversion, treat the different schedules as actual commissioning, or add the planned capacity to 2016 operating output. A shared Egyptian base does not merge the phase with the two 80,000-tonne lines.
- Project budget / 2016 / construction note
- RMB 673,994,800
- Construction in progress at year-end / 2016 / construction note
- RMB 161,930,881.05
- Issuer-reported investment-to-budget ratio / 2016 / construction note
- 24.03 percent
- Engineering progress / 2016 / construction note
- 25 percent
Egypt phase III was launched in 2016 with stated capacity of 40,000 tonnes of high-performance glass fiber per year. Construction was reported to be progressing, with completion and production expected in the second half of 2017. This is a separate phase from both existing 80,000-tonne lines. The smaller capacity and explicit phase identifier prevent a shared Egyptian address from causing the three projects to be merged.
- Annual production capacity
- 40,000 tonnes/year