Kingfa carbon fiber project went into operation
In March this year the company’s carbon fiber project has started operation successfully. At present, the scale can reach an annual output of up to 200 tons of carbon fiber.
All the carbon fiber produced is supplied to the company’s production of carbon fiber composite material as raw material. Kingfa reports that 200 tons of carbon fiber raw materials can produce 10,000 tons of carbon fiber composite materials. These products can contribute 100 million Yuan (US$ 17 million) of company’s net profit this year.
The company also announced that in 2015, they will reach 1000 tons production capacity. However, they also said that the specific project progress and development will also depend on the market situation.