# Guangwei Composites subsidiary signs CNY 1.106 billion carbon fiber supply contracts

Guangwei Composites' wholly-owned subsidiary Weihai Tuozhan Fiber signed three supply contracts with an undisclosed customer for carbon fiber and fabric, totaling approximately CNY 1.106 billion including VAT.

- Type: Contract
- Announced: 2021-12-09
- Where: China
- Value: $173.0M (1.11B CNY)
- Status: announced
- Products: carbon fiber, carbon fiber fabric
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Guangwei Composites](https://endata.com/companies/40825.md)
- [Weihai Tuozhan Fiber](https://endata.com/companies/59568.md)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/618855.html), 2021-12-09: "The contracts' performance will have a significant positive impact on the company's operating income and profit."

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