The Altay Region and Zhejiang Wanli Carbon Fiber Intelligent Equipment Co., Ltd. have jointly launched a carbon fiber project with a total investment of 5 billion yuan

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On July 4, the Altay Region and Zhejiang Wanli Carbon Fiber Intelligent Equipment Co., Ltd. jointly launched a carbon fiber project with a total investment of 5 billion yuan. The project is located in the development zone of Fuyun County, Altay, with a planned land area of 1,500 mu and 360,000 square meters allocated for factory buildings. It is intended to achieve an annual production capacity of 60,000 tons of raw silk and 30,000 tons of carbon fiber. The project is scheduled to be fully operational within 3 years, and by the end of this year, some production lines will begin producing carbon fibers first. In addition to the aforementioned latest project in Altay, Xinjiang, Zhejiang Wanli Carbon Fiber Company has previously established its carbon fiber production facilities in Zhejiang, Liaoning, and Inner Mongolia. In Tongxiang, Zhejiang: On July 1, 2025, the Wanlong Carbon Fiber project, jointly developed by Zhejiang Wanli Carbon Fiber and Tongxiang Minglong Group, began operations in Tuidian Town. The total investment for the project is 1.08 billion yuan; the first phase covers an area of 72 mu, with plans to build factory buildings covering 240,000 square meters. Upon completion, it will produce 10 million square meters of carbon fiber woven fabric, 20 million square meters of prepreg, and 6,000 tons of pultruded profiles per year, with an estimated additional annual output value of 1.5 billion yuan. This project has been included in Zhejiang Province’s list of thousand projects worth trillions of yuan. Fuxin, Liaoning: On March 18, 2024, the Guoneng Investment (Liaoning) Carbon Fiber Composite Materials project commenced construction in Fuxin, with a total investment of 2.78 billion yuan. The project covers an area of 400 mu, with 180,000 square meters of factory space to be built. It is planned to establish three production lines for carbon fiber fabrics, composite pultrusion, and carbon fiber hydrogen storage tanks. Zhejiang Wanli Carbon Fiber participated in the construction as the general contractor for the project. Wuhai, Inner Mongolia: The carbon fiber project carried out by Inner Mongolia Heli Chemical Fiber (Group) Co., Ltd. (51% owned by Zhejiang Wanli Textile Machinery Co., Ltd.) is making progress. The first phase of the project (with an annual production capacity of 28,000 tons of carbon fiber) received environmental impact assessment approval in December 2023. The project is located in the Xilai Feng Industrial Park in Hainan District, with a total investment of 4 billion yuan; three new carbonization workshops will be built there. The project is planned to have an annual production capacity of 200,000 tons of precursor fibers and 100,000 tons of carbon fibers, with a total investment of 11.1 billion yuan; it will be constructed in phases.