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A 400t/a polyacrylonitrile-based carbon fiber project will be built at Zhejiang Jiaxing Zhongbao Carbon Fiber, as the State Development Planning Commission has approved the project feasibility study report. The project construction capacities are 400t/a polyacrylonitrile-based carbon fiber and 3m sqm pre-dipped material. The product scheme is 50k and 60k big-tow polyacrylonitrile-based carbon fiber and 120-175g pre-dipped material per square meter. The project will introduce overseas advanced process technology and critical equipment. After the project is operational, 920t/a polyacrylonitrile-based raw filament yarn will be brought into the domestic and overseas markets. The total project investment stands at RMB 247.3m, including RMB 240.79m fixed asset investment and RMB 6.51m working capital. The project capital is RMB 75m, accounting for 30.3 percent of the aggregate investment, and the remaining RMB 172.4m will be financed by the China Construction Bank. The project is an equipment import project, free from tariff and import-linked VAT.
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