On November 2, 2022, China's leading manufacturer of High strength and high modulus para aramid fiber:
JSZH Aramid Technology Corporation Releases Announcement:
The company will build 8,000.00 t/a para aramid production line to meet the needs in electronic communications, rubber reinforcement, personal protection, composite materials and other fields. The company's para aramid products have entered the top five manufacturers of optical cables for electronic communications.
It is estimated that there is still room for growth in the demand of the targeted aramid fiber market and the stock market demand. With the improvement of the requirements of electric vehicles for tires, the proportion of aramid fiber used in tire cord fabric will increase, and the market increase is expected to reach 5,000.00 tons/year;
The incremental market demand has greater potential. From the perspective of the company's development and expansion of emerging industrial markets, the company's products have passed the tests of several leading companies in China, and the market growth is expected to be 4,000.00 tons/year;
The aramid fiber ultrafiltration membrane for highly difficult wastewater has been sold in batches and has been successfully applied in chemical industry, printing and dyeing, steel, garbage leachate and other industries, with an estimated market increase of 3000 tons/year;
Combined with other emerging application fields currently being explored, it is estimated that the total market increment will exceed 20000 tons/year.
Based on the current shortage of production capacity, the company will launch the production expansion plan of para aramid fiber in combination with the order demand in the near future. It is expected to expand to more than 8,000.00 tons/year by the end of 2023. The next round of production expansion plan will be considered according to the market and customer demand in the future.
High-end Para aramid products have better value, and the proportion of high-strength and high modulus products reaches 75% of the output.