en.Wedoany.com Reported - Inner Mongolia New Jinshan Carbon Fiber Co., Ltd. has completed industrial and commercial information changes, with Xiao Bin stepping down as legal representative and Jin Hongwei taking over the position. Meanwhile, China Petroleum & Chemical Corporation and Wushenqi State-owned Capital Investment Group Co., Ltd. have become new shareholders. The company's registered capital has increased from 600 million yuan to 1.2 billion yuan, a 100% increase.

Founded in February 2025, the company's business scope covers areas such as manufacturing of high-performance fibers and composite materials, graphite and carbon products, synthetic fibers, and research and development of carbon fiber recycling technologies. Shareholder information shows that the company is jointly held by Sinopec Shanghai Petrochemical Co., Ltd. and the aforementioned new shareholders.

Inner Mongolia New Jinshan Carbon Fiber Co., Ltd. is primarily constructing a 30,000-ton-per-year large-tow carbon fiber project, with a total investment of approximately 2.243 billion yuan. The project commenced full construction in July 2025. Phase one of the project includes two production lines with an annual capacity of 6,000 tons, achieving mechanical completion in February 2026 and officially commencing production on May 8, 2026, mainly producing large-tow carbon fibers in specifications such as 48K and 60K. Phase two of the project will build four workshops and eight production lines, expected to be fully completed and operational by 2027. As a strategic new material, large-tow carbon fiber boasts excellent properties such as high strength, high modulus, and low density, and is widely used in fields like wind turbine blade pultruded sheets, energy storage, rail transit, civil engineering reinforcement, and hydrogen cylinders, while also being expandable to emerging scenarios such as the low-altitude economy.