Company Brief on New Projects Posted on 08 Oct 03
Hong Kong, October 8, 2003 - One of the world`s largest laminates manufacturer, Kingboard Chemical Holdings Limited (SEHK: 148) today announces a number of new projects to lead its way to further vertical integration and capacity expansion. The new projects are located in Lianzhou and Fogang of Guangdong Province and Hainan Province. Details of the projects are set out below.
Location of Project |
Details |
Expected Completion Date |
| Lianzhou of Qingyuan, Guangdong Province | New glass fabric plant of annual capacity 3 million sq m | Q3, 2004 |
| New copper foil plant of annual capacity 200 tonnes | Q3, 2004 |
|
| Fogang of Qingyuan, Guangdong Province | New production lines for FR4 with an initial monthly capacity of 300,000 sheets | Q1, 2004 |
| Hainan Province | New methanol plant of annual capacity 600,000 tonnes | Q2, 2006 |
Kingboard Chemical today celebrates its 10th anniversary of listing on The Stock Exchange of Hong Kong Limited. Mr Paul Cheung Kwok-Wing, Chairman, Kingboard Chemical remarked: "Our Group operated only one plant for paper laminates when we went public in 1993. Since then, we have embarked on the path to rapid growth in two directions - horizontally and vertically. These developments have placed us in a competitive position by optimizing economies of scale and achieving cost efficiencies. Kingboard today is one of the largest laminates producers in the world, operating more than 20 plants in China with annual outputs of over 40 million sheets."
The debut of methanol production will bring the Group to further upstream integration. The Group now has inhouse production capability of copper foil, bleached kraft paper, glass yarn, glass fabric, formalin, hydrogen peroxide, epoxy resin and TBBA.
About Kingboard Chemical
Kingboard Chemical Holdings Limited (SEHK: 148) is one of the world`s largest manufacturers of laminates, operating more than 20 plants in China, vertically integrated with in-house capability for the production of copper foil, bleached kraft paper, glass yarn, glass fabric, formalin, hydrogen peroxide, epoxy resin and TBBA. The Group has been named for three consecutive years by Forbes Global as one of "The World`s Best 200 Small Companies".
Issued by :
Kingboard Chemical Holdings Limited
