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US$ 180 million Sino-USA composites project settled in Rongcheng

News International-French

17 Nov 2014

Recently, Rongcheng Composites Co., Ltd (Rongcheng Composites) and USA Hyperayon Technology LLC have jointly invested a total of US$ 180 million in a composite materials project in Rongcheng City, Shandong Province.

The project has a registered capital of US$ 170 million with a contracted foreign investment of US$ 50.8 million. The project is mainly engaged in the production and sales of composite marine parts, vehicle parts, and valve products. The annual production capacity of composite marine parts, vehicle parts, and valve products will reach up to 150000 tons after the project completion.

Rongcheng Composites was established by AVIC (Aviation Industry of China) 637 Institute mainly engaged in the research and development of composite materials that are used in the aviation industry.

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Original language Chinese