New materials engineering and technology development co., LTD. was established in July 2017, mainly in production and sales of high-end high-performance basalt fiber and the development of basalt fiber composite material and engineering technology. The main products are new type of composite material including the continuous basalt fiber, electronic cloth, friction Marine equipment, lightweight cars, petrochemical equipment, agriculture, water conservancy, mining facilities etc. In January 2018, it moved into the two rivers industrial park of hongguo economic development zone for investment construction annual output of 10,000 tons of basalt fiber and products project, total investment 32 million yuan, building gas and electricity combined with two basalt fiber production lines.