Source: CNBM 

Date: Nov. 23nd, 2012 

From November 14 to November 21, Mr. Ma Jianguo, vice president of group company visited Egypt with a delegation, and investigated the first-phase project of glass fiber with annual output of 80,000 tons, which is invested and built by Jushi Group Co., Ltd.In Egyptian Suez economic zone. This project is the glass fiber production line of Jushi Group with most overseas investment and largest production scale. The project of three phases in planning will reach 200,000 tons. At the same time, Mr. Ma Jianguo and Egypt Investment Minister Sir Osama had a friendly conference on the issues such as the project progress and tax reliefs in the free zone, which played an important role in promoting the smooth development of the project in next phase. The minister said, a solution for the relevant preferential measures on raw material of the project, equipment import and future export of products would be put forward, and he committed that the Investment Department would make the best possible support to promote the smooth construction and future production of the glass fiber project.

During the visit, Mr. Ma Jianguo also inspected the construction of Dubai Logistics Park. In the face of project construction site where the main work is nearing completion, Mr. Ma Jianguo spoke highly of the efficient and practical work style of the project team of CNBM Dubai Logistics Park, and praised it as the leader of the group company in expanding the internationalization management and exploring the new pattern of overseas marketing for international trade, which will have a profound impact on the future upgrade of international trade mode and the optimization of rational resource allocation.

Dubai logistics park is the logistics trade project in Dubai invested and built by CNBM. The aim is to improve the international trade and logistics which will cover Europe, Africa, Asia and other broad markets. It’s expected that the park will be fully completed at the end of the year and put into operation.