The hottest hand in hand with Jinggong Shaoxing co

Jilin chemical fiber (000420. S) announced on June 27 that it plans to acquire 36.1047 million yuan to acquire 18 shares of Jilin Jinggong and has signed a strategic cooperation agreement with Jinggong (Shaoxing) composite materials Co., Ltd. to conduct strategic cooperation in carbon fiber and its composites

it plans to acquire 18% equity of Jilin Jinggong

according to the announcement of Jilin chemical fiber, the company plans to purchase 18% equity of Jilin Jinggong held by Jilin Guoxing New Material Industry Investment Co., Ltd. for 36104688.00 yuan

according to this announcement, Jilin Jinggong is mainly engaged in the R & D, production and sales of 24K and 48K large tow and low-cost carbon fiber

this announcement shows that carbon fiber is a new type of fiber composite material, and it is also a dominant industry in Jilin City. As the only holding listed company in Jilin City, Jilin chemical fiber extends the development of carbon fiber materials, which is in line with the company's development strategy and is the only way for the company to become a world-class fiber and related extension product supplier

Jilin chemical fiber said that this purchase is conducive to Jilin chemical fiber to form an integrated whole industry chain layout, and become a whole industry chain enterprise with the R & D, production and sales of carbon fiber and its products, which is conducive to the further optimization of Jilin chemical fiber assets, business and personnel structure

cooperate with Jinggong (Shaoxing) composite material Co., Ltd. to develop and manufacture composite carbon fiber

Jilin chemical fiber released another announcement that the conditioning results vary from person to person. The company has signed a strategic cooperation with Jinggong (Shaoxing) composite material Co., Ltd. in the field of carbon fiber and its composites to jointly develop and manufacture composite carbon fiber in aerospace, national defense and military industry, transportation Cooperate in the fields of automobile lightweight, and give priority to the strategic cooperation agreement in the fields of rail transit, wind power, transportation tanks and tanks

carbon fiber is a national strategic new material in many fields such as aviation, aerospace, military industry, wind power, sports, industry and so on because of its special properties such as light weight, high strength, high modulus, high temperature resistance and corrosion resistance. With the decline of carbon fiber price, its application volume is also increasing year by year. In 2017, China's annual demand for carbon fiber was more than 20000 tons, of which 16000 tons were imported, and localization was very low, with an annual growth of about 20%. It is estimated that by 2025, China's annual demand for carbon fiber will be about 40000-50000 tons, mainly in high-end manufacturing fields such as wind power, pressure vessels, rail transit, unmanned aerial vehicles, robots and so on

Jilin chemical fiber and Jinggong (Shaoxing) composite materials Co., Ltd. hopes to solve the technical and other problems in the development of carbon fiber industry through this cooperation, realize the large-scale production and application of carbon fiber and its composites, and become the leader in the R & D and application of carbon fiber and its composites industry in China

according to this announcement, the contents of this cooperation are as follows:

(1) capital cooperation to build a new platform for carbon fiber cooperation

the two sides plan to jointly invest 800million yuan in three years and adopt a variety of ways to carry out in-depth cooperation, including but not limited to Jilin chemical fiber and Jinggong (Shaoxing) composite material Co., Ltd. and its subordinate companies to jointly set up subsidiaries or participate in the operation of Jinggong (Shaoxing) composite material Co., Ltd. by increasing capital and shares, Give full play to the advantages of both sides in capital and technical resources, so as to promote both sides to establish capital ties and build a carbon fiber cooperation platform

(2) business cooperation has led to vicious low-cost competition, promoting the leapfrog development of solviva biomaterials by both sides. Solviva biomaterials are used in implantable medical equipment exhibition

both sides will cooperate in "high-performance" and "lightweight" carbon fibers and their composites. All parties to the cooperation will take advantage of the high-end resource advantages in various fields, and give priority to in-depth cooperation in key projects, technologies and other resources, including but not limited to joint development Research and produce carbon fiber and its composites. Jilin chemical fiber is mainly responsible for the overall operation of the carbon fiber cooperation platform and coordinating the resources of all parties; Jinggong (Shaoxing) composite materials Co., Ltd. participated in the operation of the carbon fiber cooperation platform, focusing on providing technical support for the carbon fiber cooperation platform. The construction of the carbon fiber cooperation platform and the establishment and improvement of relevant articles of association and rules and regulations will be completed on December 31, 2018