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SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED

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Sinopec Shanghai Petrochemical : SPC Started Its 48K Large Tow Carbon Fiber Project

02/02/2021 | 09:38pm EDT

SPC Started Its 48K Large Tow Carbon Fiber Project

On January 4Th, a ground-breaking ceremony was held at the Shanghai Exhibition Center to mark the start of the 2021 Shanghai major industrial projects. With a total investment of 3.5 billion Yuan, SPC officially started a construction of the '24,000 ton year precursors, 12,000 ton/year 48K large tow carbon fiber project'. The project is scheduled to be completed by 2024. When the project is put into operation, it will change the situation that China relies completely on imports of large tow carbon for a long time, give a strong impetus to the development of domestic carbon fiber industry and help Chinese manufacturing.

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Sinopec Shanghai Petrochemical Company Limited published this content on 03 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2021 02:37:07 UTC.


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Sales 2021 89 042 M 13 784 M 13 784 M
Net income 2021 3 494 M 541 M 541 M
Net cash 2021 4 284 M 663 M 663 M
P/E ratio 2021 4,92x
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Ze Min Guan General Manager & Director
Guan Zemin President
Jun Du CFO, Executive Director & Deputy General Manager
Hai Jun Wu Chairman
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