Transform carbon fiber, the future space can be expected

Jilin Kemek, a 100% subsidiary of Jilin Chemical Fiber, has a production capacity of 600 tons/year of small tow carbon fibers; The company holds 49% Jilin Baojing has 8000 tons/year 25-50K carbon fiber production capacity; In November 2021, the company announced the construction of 12,000 tons of carbon fiber composite project; In addition, Jilin Chemical Fiber Group 100% owned subsidiary Jilin Guoxing has a production capacity of 18,000 tons/year. Jilin Guoxing carbon fiber mainly focuses on the large tow carbon fiber link. On May 8, 2020, it was officially assigned to Jilin Chemical Fiber Group, and the actual controller became Jilin City SASAC. Before Guoxing carbon fiber production line was small, the group upgraded the original carbon fiber production line of 500 tons/year to about 1000 tons/year, and continued to expand production significantly. If the production line planning of 15,000 tons of carbon fiber project is proposed, the production capacity will be gradually released in August 2021, and the carbon fiber production capacity of Jilin Guoxing has reached 18,000 tons/year by June 2022. At the same time, the chemical Fiber Group issued a commitment: within three years from March 18, 2022, the chemical Fiber Group will take measures in line with state-owned assets supervision and securities supervision, including injecting the controlling stake of Guoxing Carbon Fiber into the listed company, to further protect the interests of listed companies and minority shareholders. Jilin Economic and Technological Development Zone, where the company is located, is a national high-tech industrialization base for carbon fiber, which has formed industrial aggregation and supporting in the upstream and downstream areas of the carbon fiber industry. At the same time, as the manufacturing cost of carbon fiber and its composite materials continues to decline, the downstream application space will expand. In the future, the company is expected to join hands with Jilin Carbon Valley to build a domestic carbon fiber "raw wire - carbon wire - composite" integrated industrial chain cluster.