Guangwei Composites

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.