International Composites: Largest 2nd-Gen Fabric Volume + Potential for Ordinary Fabric Price Hikes

English summary

#2nd-gen fabric#: Promoting the Zhuhai Phase II project, with over 70 crucibles, expected to start production in September. Capacity can reach 800,000/1.5 million/2.1 million meters per month by end of Q2 2026, Q3, and year-end, respectively. #2nd-gen fabric prices#: The 10% price increase in June has been implemented; the next price adjustment window is expected in September. #T-cloth#: Currently 6 positions, planned to expand to over a dozen positions in July. June shipments were 20,000 meters/month, but orders reached 150,000 meters/month. #1st-gen fabric#: Expected to increase production in July, reaching 1.5 million meters/month in August-September. #Ordinary fabric#: 160,000 tons of yarn capacity. H1 yarn production was 80,000 tons, with self-use/external sales of 30,000/50,000 tons. Current annual production capacity of ordinary fabric is 200 million meters. #Looms#: 600 units ordered, with 100 units expected to arrive each in July/September/November, all delivered by Q1 2027, mostly Toyota looms and a few Tsudakoma brand. As of end of June, looms on hand were 1,250, and it is expected to reach 3,000 units by 2028.