Chinese carbon fibre manufacturer Weihai Guangwei Composites in partnership with Beijing Cotech Technology, Luoyang Yuhua Financial Investment Linkage Investment Partnership and Weihai Gangfa Equity Investment Fund Partnership will establish a joint venture company Kotech (Shandong) Special Equipment Technology with registered capital of 140 million yuan.
The joint venture will operate in the Lingang Economic and Technological Development Zone in Weihai City, Shandong Province.
Cotech will hold 40% of the new venture, Luoyang Yuhua Rongtou will hold 25% and Weihai Gangfa Equity will hold the remaining 15%.
The joint venture will leverage Weihai Guangwei’s expertise in carbon fibre and composite materials and Cotech’s technology in pressure vessels and composite hydrogen tanks, the company said in a statement.
Image Weihai Guangwei Composites
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