On September 17, AHJR issued an announcement saying that Anhui JR, a wholly-owned subsidiary of the company, will use self-raised funds to invest in the expansion of electronic-grade fiberglass cloth. The investment of the project is about RMB 200 million. After reaching the production capacity, the company will increase its annual production capacity of 60 million meters of electronic-grade fiberglass cloth. Trial production is expected to begin before the end of January 2020.
The announcement stated that electronic grade fiberglass cloth is the main material required for AHJR to produce copper clad laminates. With the expansion of the production line of its subsidiary JAGJ Technology (Hangzhou) Co., Ltd., the demand for electronic grade fiberglass cloth has increased The supply gap for electronic grade fiberglass cloth has increased. Anhui Jinrui's electronic-grade fiberglass cloth expansion project aims to solve the problem of insufficient supply of the company's electronic-grade fiberglass cloth.