# 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.

- Type: New facility
- Announced: 2019-07-22
- Where: industrial park near Baotou city, Inner Mongolia, China
- Value: $291.0M (2.00B CNY)
- Starts operating: 2022
- Status: announced
- Capacity: 10,000 tons of carbon fiber per year (total); first phase 2,000 tons per year
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Guangwei Composites](https://endata.com/companies/40825.md)
- [Vestas Wind Systems](https://endata.com/companies/1013.md) (customer)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/guangwei-composites-to-build-usd291-mln-inner-mongolia-plant-to-tap-wind-power-market), 2019-07-23: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.