Tongxiang electronic yarn and fabric joint-venture project

The Tongxiang electronic glass-fiber fabric project is described as having capacity of 50 million square metres a year. The operating narrative says it entered trial production in December 2006, whereas the investment section describes it as already in production and gives CNY 456 million of investment. Trial production is the more specific dated milestone and does not establish stable commercial deliveries, full utilization or customer qualification. The 2007 operating plan names Jushi Panden and writes the fabric scale as 50 million metres, omitting the square-metre unit used in the project description; the two units are not silently treated as identical. The investment note records Jushi Panden as a 50%-held joint venture with a CNY 114.295 million carrying amount. That investment balance is neither project capacity nor total project expenditure. The project remains linked to the previously disclosed Tongxiang electronic-materials proposal, while separate yarn output and commercial sales volumes are not established.

Jushi Group and Germany's P-D Group formed an electronic-materials joint venture to build electronic fabric production with supporting electronic yarn. The disclosed project scale was 10,000 tonnes of yarn and 50 million square metres of fabric per year. Production was expected in the fourth quarter of 2006. The company linked the project to higher-grade electronic fabric and PCB materials; this was a planned market and production role, not evidence of completed commercial deliveries in 2005.