# Sinoma Science & Technology to invest 3.684 billion yuan in 300,000 t/y glass fiber line in Taiyuan

Sinoma Science & Technology (Zhongcai Technology) announced its wholly-owned subsidiary Taishan Glass Fiber will invest 3.684 billion yuan to build a 300,000 tons/year high-performance glass fiber intelligent manufacturing production line in Taiyuan, Shanxi.

- Type: Investment
- Announced: 2022-06-30
- Where: Taiyuan, Shanxi, China
- Value: $550.0M (3.68B CNY)
- Status: announced
- Capacity: 300,000 tons/year
- Products: high-performance glass fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sinoma Science & Technology Co., Ltd.](https://endata.com/companies/21457.md)
- [Taishan Glass Fiber](https://endata.com/companies/53490.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/747551.html), 2022-06-30: "中材科技(002080.SZ)公告，公司全资子公司泰山玻璃纤维有限公司拟在山西省太原市新设泰山玻璃纤维(太原)有限公司，投资36.84亿元建设年产30万吨高性能玻璃纤维智能制造生产线项目"

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