China's carbon fiber composite material equipment manufacturer FJHY Composite Materials Technology Group issued an announcement saying that according to the company's business development needs, it plans to use its own funds of 120 million yuan and assessed industrial real estate to invest 66 million yuan to establish a wholly-owned subsidiary.
The new subsidiary mainly develops and produces high-performance carbon fiber composite materials, carbon / carbon composite materials and products, glass fiber reinforced plastic composite products, thermoplastic composite materials (continuous fiber reinforced thermoplastic composite materials and prepregs, resin-based composite materials, and special functional composite materials. R & D / production and sales of products and composite building templates.