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For further details see our joint press release.
Weihai Guang Wei Composites has signed commercial and technical co-operative agreements with Red Composites to enhance Guang Wei Composites’ operational capability and accelerate their commercial presence in marine, transportation and renewable energy markets world-wide.
Guang Wei Composites produces some 10 million square meters of prepreg per year, with over 1,000 employees on a 140,000 sqm site in Wei Hai City, Shandong. The company also has in-house weaving and Liba Max5 carbon multiaxial manufacturing capability.
Red Composites is based in both the UK (Isle the Wight) and also in mainland China (Shandong). With experience in prepreg manufacturing and composite material development, Red Composites will provide operational support, European management consultancy and a western facet to Guang Wei Composites.
Commenting on the agreements, Mr. Xia Xiangxin (General Manager, Guang Wei Composites) remarked ‘We at Guang Wei are very pleased to make co-operative agreements with Red Composites. With increased implementation of Western management practises together with improved external communications, we will be enhancing both our operational capability and commercial reach into global Composite markets’
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