Zhejiang Jinggong Integration Technology (SHE:002006) won the bid for the Wuhan Qingshan High-Performance Carbon Fiber Production Base Project for 729 million yuan, according to a Shenzhen bourse filing on Thursday.
The project includes building two PAN-based carbon fiber precursor production lines, each with a capacity of 5,000 tons, and a carbon fiber production line with a 3,000-ton capacity.
Hubei Yuchuang Carbon Fiber is the tenderer of the project.
The Chinese new energy machinery manufacturer's shares fell over 4% during the afternoon trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments