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Nan Pao, a Taiwanese chemical materials supplier, signed an agreement to invest $50 million in a carbon fiber project at the Huai’an-Kunshan industrial zone in Huai’an, China. The new factory will produce carbon fiber materials.
“Through video conference, Huai’an and Kunshan have signed an agreement with Nan Pao, a leading chemical materials supplier from Taiwan, for the company’s carbon fiber project involving an investment of $50 million.”english.jschina.com.cn
Summarized from public sources; check the original articles before acting on it.