The 29th International Fiberglass Annual Conference of China Jushi was Successfully Held!

From October 13th to 14th, China Jushi’s 29th International Fiberglass Annual Conference was grandly held with the theme of “Zero-Carbon Intelligent Manufacturing and Win-win Future”. As the world enters a new period of turbulence and change, and the world economy slows down significantly due to multiple impacts such as global inflation, geopolitical instability, and restructuring of global supply chains, more than 1,000 guests from all over the world gathered in Tongxiang to discuss Explore the new future of zero-carbon development for the fiberglass industry. During the annual meeting, Jushi also held information conferences, strategic cooperation framework agreement signing ceremonies, technical lectures, supplier conferences, bank-enterprise cooperation exchange meetings, investors and news media exchange meetings and other activities.

2023 is the 30th anniversary of the establishment of Jushi. It is the mid-term year of the "14th Five-Year Plan" strategic plan. Jushi continues to maintain its overall strategic direction of "one core, two chains, three high-tech and four modernizations", strengthens its main fiberglass business, and actively expands new energy sources. sector, build the microcirculation of the glass fiber industry and cultivate new profit growth points.

This year, the market was complex and ever-changing. Jushi was guided by market demand, focused on and adjusted the high-end market, high-end customers and the proportion of high-end products, gave full play to the advantages of the global layout of production and marketing, insisted on supplying domestic products to domestic companies, and supplying external products to foreign countries, and vigorously developed In domestic and foreign markets, we have stabilized stock and expanded growth, and production and sales have achieved growth against the trend.

Zero-carbon development is pursued diligently and opens a new era

Jushi continues to be committed to the design and development of process technology and equipment for glass fiber green manufacturing, and promotes the greening of production and manufacturing; guided by the greening of the entire life cycle of fiberglass products, from product performance design, raw material development, production process control, and A series of green solutions have been designed for the entire process including product application; by building an industrial Internet platform for the glass fiber industry, more than 10,000 industrial equipment have been connected and an industrial big data pool has been established to monitor and conduct data development on energy consumption and pollutant emissions during the production process. Real-time monitoring, analysis and abnormal handling effectively realize high-efficiency, low-consumption and environmentally friendly production. Tongxiang headquarters, Jiujiang company, and Chengdu company achieved three consecutive national-level "green factories", setting a green and low-carbon benchmark for the industry and local enterprises.

Thanks to its unwavering commitment to green development, Jushi has promoted a total of 136 green innovations so far in 2023, saving energy equivalent to the annual electricity consumption of 50,000 households; it is expected to reduce CO2 emissions equivalent to planting 1.41 million trees. It achieves that the comprehensive energy consumption per unit product is 36% higher than the industry standard value, and the carbon emission per unit product is 21% higher than the industry level, far ahead of the industry average; the water resource recycling rate reaches 97.7%; and promotes the construction of distributed photovoltaic projects , to increase the proportion of green energy use, with an installed capacity of 104 megawatts and an annual power generation of up to 100 million kilowatt hours.

Digital and intelligent manufacturing continues to cultivate new advantages

China Jushi aims at smart manufacturing, focuses on digital empowerment, and continues to build a "future factory" with all elements of glass fiber and a full value chain at a high level. It has achieved 100% success in key core technology fields such as high-performance glass formulas, super-large tank kilns, intelligent manufacturing, and green manufacturing. % independent intellectual property rights. The factory automation rate reaches over 98.5%, all production technology indicators rank first in the world, and the per capita physical labor productivity is more than 30% higher than the industry average. At present, Jushi is vigorously promoting intelligent manufacturing to take root in "three places and five continents" and taking the lead in entering the field of glass fiber zero-carbon intelligent manufacturing.

On the eve of last year's International Fiberglass Annual Conference, China's Jushi Intelligent Manufacturing Base was successfully completed, marking Jushi's achievement of the "three firsts" of "the world's first in thermoset roving, the world's first in thermoplastic reinforcement, and the world's first in electronic base fabric" "Target.

This year, Jushi continues to deepen digital empowerment and lead the digital transformation of the fiberglass industry. We will continue to consolidate the digital platform that is unified, top-down, and system-shared to comprehensively improve the level of operation and management. At present, the integration of industry and finance has covered global subsidiaries in Egypt, the United States, Canada and other countries, taking the lead in building a unified platform for "global buying and global selling" of fiberglass.

Jushi continues to give full play to its leading advantages as a "chain master factory" and uses Jushi's "industrial brain" to build the industry's first industrial Internet platform that integrates "interconnection and collaboration" between customers and suppliers. It has now connected more than 200 companies and promoted information data in the industrial ecosystem. The circulation will enhance the collaborative innovation, development and application of the entire fiberglass industry chain.

Technological innovation continues to make new breakthroughs

This year, the world’s longest 123-meter offshore wind turbine blade unit and the world’s longest impeller diameter of 216-meter wind turbine blades use Jushi’s ultra-high modulus glass fiber. "Produce one generation, develop one generation, reserve one generation, and pre-research one generation" is the principle followed by Jushi R&D. The E9 ultra-high modulus glass fiber developed is the glass fiber product with the highest modulus in the industry at present. It can achieve large-scale mass production and is conducive to Industrial application; E8 ultra-high modulus glass fiber has been optimized and upgraded, with advantages such as high modulus and high cost performance; a new generation of E7 high-modulus glass fiber has been successfully developed, featuring low density, high specific modulus, and lightweight. .

Currently, the world's top three wind turbine blade manufacturers all use Jushi glass fiber. One out of every three wind turbine blades in the world is produced with Jushi's high-modulus and high-strength glass fiber.

In terms of product research and development, Jushi continues to open up new tracks, enhance new momentum, and create new advantages. While wind power yarn products use an optimized combination of "high modulus glass + sizing agent" to continue to provide comprehensive solutions for blade enlargement, lightweight, cost reduction, efficiency improvement, and green development, new photovoltaic frame special yarns, high strength and high Many new products targeting emerging high-end fields, such as yarn for water-blocking materials for optical fiber cables and fabrics for new energy battery casings, have been successfully developed.

Innovation is one of Jushi’s core values. Jushi vigorously promotes the deep integration of the fiberglass technology innovation chain and the industrial chain through comprehensive innovation, all-employee innovation, all-area innovation, all-process innovation, all-volume innovation, and all-speed innovation. Jushi continues to increase its investment in innovation. This year, Jushi has invested nearly 480 million yuan in scientific research and is implementing 1,081 innovation and improvement projects, including 101 major technological innovations.

In addition, in 2023, Jushi was listed on the "Top 100 ESG Listed Companies in China" and was selected into the "State-owned Enterprise ESG Pioneer 100" index, ranking 39th. The case of Jushi Egypt was successfully selected into the "Belt and Road" ESG Action Report and won the "Belt and Road" ESG Action Report. Red Cross Philanthropy Award - Gold Medal".

Looking back on the 30-year development path, Jushi’s development resilience has been tested again and again. Standing at the historical node of thirty years, Jushi will welcome infinite possibilities with a steady attitude and bravely be a pioneer and striver of the times. (Source: Securities Daily)