# Yongguan plans $140M private placement for glass fiber plant

Shanghai Yongguan Adhesive Products plans a CNY927 million ($140 million) private placement to build a new factory for electronic-grade glass fiber cloth and harness adhesive tape, with annual capacities of 2,000 tons and 16,500 tons respectively.

- Type: Investment
- Announced: 2026-06-04
- Where: China
- Value: $140.0M (927.0M CNY)
- Status: announced
- Capacity: 2,000 tons of electronic-grade glass fiber cloth and 16,500 tons of harness adhesive tape per year
- Products: electronic-grade glass fiber cloth, harness adhesive tape
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Shanghai Yongguan Adhesive Products](https://endata.com/companies/92295.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-yongguan-plans-usd140-million-private-placement-to-fund-electronic-grade-glass-fiber-plant), 2026-06-04: "Shanghai Yongguan Adhesive Products intends to carry out a CNY927 million private placement to finance a new electronic-grade glass fiber cloth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.