- 5 October 2006 -
Fiberex agrees joint venture with Chinese company

FIBEREX GLASS Corp of Canada, a manufacturer of E-CR glass fibres for reinforcement of composites, has announced a joint venture agreement with Taishan Fiberglass Inc of Taian, Shandong, China. The joint venture will be called Taishan Fiberex Fiberglass Corp (TFFC) and will expand Fiberex’s manufacturing capacity for E-CR glass fibres.

The production of the joint venture will be marketed by Fiberex Marketing International (FMI), a subsidiary of Fiberex.

"The JV with Taishan Fiberglass recognises the key role being played by China as a strategic manufacturing base," says Fiberex's chairman and CEO Fred Atiq. "It should not be surprising that Fiberex chose Taishan to be the pivot supporting our ambitious growth plans in the global E-CR glass fibre markets. I am confident that the professional approach of our JV partner will enhance our position in our targeted markets for years to come.”

Fiberex says that the trend towards higher performance composites has created double-digit growth for E-CR glass fibres over the past few years.

Fiberex Glass Corp; www.fiberex.com

Taishan Fiberglass Inc; www.ctgf.com

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