Guangwei Composites to build $291M carbon fiber plant in Inner Mongolia

Guangwei Composites will spend CNY 2 billion ($291 million) to build a carbon fiber production plant near Baotou, Inner Mongolia, with Vestas Wind Systems as a major client. The plant will have a projected output of 10,000 tons of carbon fiber, built in three phases; the first phase costing CNY 500 million will have an annual capacity of 2,000 tons and is expected to start operation in two to three years.

“Chinese carbon fiber products maker Guangwei Composites will spend CNY2 billion (USD291 million) to build a production plant in gusty Inner Mongolia with Danish wind power equipment giant Vestas Wind Systems as a major client.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comGuangwei Composites to Build USD291 Mln Inner Mongolia Plant to Tap Wind Power MarketTang ShihuaJul 23, 2019

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