The Administrative Region Of Altay in Xinjiang, China, Has Signed An Investment Agreement With Zhejiang Wanli Carbon Fiber Intelligent Equipment Co., Ltd. For A Project Worth 5 Billion Yuan, Which Will Produce 30,000 Tons Of Carbon Fibers And 60,000 Tons Of Raw Fibers.

The administrative region of Altay in Xinjiang, China, has signed an investment agreement with Zhejiang Wanli Carbon Fiber Intelligent Equipment Co., Ltd. for a project worth 5 billion yuan, which will produce 30,000 tons of carbon fibers and 60,000 tons of raw fibers. 1,500 mu of land will be utilized. The first phase will build a factory building of 360,000 square meters mainly made of steel structure. Within three years, the entire project will be fully invested and put into production. It is expected that some production lines will start producing carbon fibers by the end of this year, achieving sales of 6 billion yuan and tax revenue of 900 million yuan! The project has been successfully implemented in the Fuyun County Development Zone of Altay. The full investment has been accelerated and is expected to be put into production as soon as possible. We are grateful to Secretary Jains of Altay Administrative Region, Commissioner of the Fuyun County Development Zone, and the government of Fuyun County for their efficient work and strong support for the project, which enabled us to quickly sign the contract and advance the work process!