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China GFRP industrial profit increased by 30.6% in 2012

News International-French

8 Mar 2013

China Ministry of Industry & Information Technology (MIIT) recently released data shows that in 2012 China national glass fiber reinforced plastic materials total profit growth has reached 30.6%.

The 2012 total industry profit including lightweight building materials, refractory materials, metal doors and windows has reached a new high of 375 billion Yuan (US$ 60.48 billion), an increase of 3.5% compare with the growth rate in 2011.

By the end of 2012, according to MIIT, the 34000 major building materials industry enterprises have completed 530 million Yuan (US$ 84.48 million) business income throughout the year, a year-on-year increase of 13.4%. China national industrial added value has grew by 11.5% compare with 2011. The growth rate has dropped down 8 %.

2012 industry exports delivery value reached about 225 billion Yuan (US$ 32.29 billion), a year-on-year increase of 7.9%. Among them, architecture and technology glass, glass fiber and products exports year-on-year growth rates reached 10% and 5.7% respectively.

MIIT expected that along with the synchronized development of industrialization, urbanization, informatization, and agriculture modernization, the 2013 building materials industry will continue to maintain a steady and rapid development momentum. It is expected that the industrial added value will be increased by 12%.

The output of major products will maintain steady growth, and the green building materials and products industry will continue to maintain a growth rate of more than two digits growth rate.

In 2013, China building materials industry will focus on the implementation of "green building action program". MIIT will jointly work with the relevant departments to study and formulate green building certification standards and procedures, and make compilation of "green building materials products catalog".

All these work will guide and promote the development of green building materials, inorganic non-metallic materials, and further drive the upgrading of the industry.

Original language Chinese