Sinoma Plans To Acquire Shanghai FRP Research Institute

Key words: Sinoma; Shanghai FRP Institute


Sinoma Science & Technology LTD., the leading wind turbine blade manufacturer, plans to participate in the bid for the acquisition of Shanghai FRP Research Institute with a starting price of 552 million RMB. Sinoma blade is a leading enterprise of wind power blade manufacture in China and belongs to China National Building Material Group Co., Ltd. (CNBM) with another wind turbine blade leader Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd. Shanghai FRP Research Institute of glass is a 100% holding company of CEFC Shanghai International Group Limited, with two wholly-owned subsidiaries, namely, Shanghai FRP Research Institute Dongtai Co., Ltd. (engaged in wind turbine blade business) and Shanghai Shangbo Testing Co., Ltd. If Sinoma blade successfully merges Shanghai Glass Institute, it will become the leading wind turbine blade in China.