Tongxiang Leishi Micropowder's 600,000-tonne-per-year pyrophyllite powder project formally entered production. Management presented it as a way to secure stable production inputs. Pyrophyllite is an upstream mineral ingredient for the glass-making chain, so this project's tonnes are powder-processing capacity, not additional glass fiber capacity. No annual powder output or quantified saving is disclosed in this passage.
- Annual production capacity
- 600,000 tonnes/year
Management reports commissioning Tongxiang Leishi’s 600,000-tonne-per-year pyrophyllite-powder project in 2017 and presents it as upstream supply integration for glass-fiber production. The financial construction note describes a Jushi Group expansion project for the same named product and nominal scale. It records CNY 128,701,064.04 of additions and CNY 129,237,926.64 remaining in construction against a CNY 336 million budget, with 38.46% budget utilisation and 40% physical progress. The note identifies own funds and borrowings as financing sources. It does not explain why that progress measure differs from the management commissioning statement. The two presentations are retained under explicit scopes; powder-processing capacity is not mine reserves, glass-fiber output or proof that every furnace was supplied internally.
- Project budget / 2017 / pyrophyllite expansion
- RMB 336,000,000
- Construction-note additions / 2017 / pyrophyllite expansion
- RMB 128,701,064.04
- Construction-note balance / 2017 / pyrophyllite expansion
- RMB 129,237,926.64
- Construction-note physical progress / 2017 / pyrophyllite expansion
- 40 percent