Carbon Fiber "Leader" Led By The New Expansion Began? Zhongfu Eagle Intends To Expand 20 Thousand Tons In Xining

In February 24th, Song Zhiping, chairman of the China Building Materials Group and Secretary of the Party committee, headed the team to Xining, Qinghai, at the invitation of the Qinghai provincial government.

Wang Jianjun, Secretary of the Qinghai provincial Party committee and director of the Standing Committee of the provincial people's Congress, and Liu Ning, vice secretary of the Qinghai provincial Party committee and governor Liu Ning, met with Song Zhiping and his party. The two sides held talks on the deep level high quality cooperation and the construction of new material projects such as carbon fiber in the Republic of China, and participated in the signing ceremony of the project.

Zhongfu Eagle intends to expand 20 thousand tons of carbon fiber project in Xining.

At the signing ceremony, Li Xinhua, vice chairman of the China Building Materials Group and member of the Standing Committee of the Party committee, Wang Liming, vice governor of the Qinghai Provincial People's government, signed the strategic cooperation framework agreement on behalf of both sides.

Zhang Guoliang, chairman of Zhongfu Shen Ying, member of Standing Committee of Xining Municipal Committee, deputy secretary of Party Work Committee of Xining economic and Technological Development Zone, Xu Guocheng, executive vice chairman of CMC and Bai Yongqiang, Bai Yongqiang, chairman of Qinghai Mei Mei Coal Industry Co., Ltd. signed the agreement on "Zhongfu Eagle's annual production of high performance carbon fiber and matching raw silk project".

The investment amount of the carbon fiber project signed is 5 billion yuan, and the overall plan is divided into two phases.

The first stage planning capacity will build an annual production of 10 thousand tons of high-performance carbon fiber and matching raw silk project, with a construction period of 3 years.

After the first phase of the project is completed and put into operation, the two phase of the project will be launched, and the Zhongfu Xining Eagle base will be built into an internationally competitive carbon fiber production base.

It is also understood that this reply is fully communicated and communicated with the Gan River Park of the Xining Development Zone on the project registration, EIA, land, planning and project preparation before the start of the project, so as to ensure the full implementation of the project.

After the project is put into operation, the production cost of Zhongfu T700 and T800 class carbon fiber will be further reduced.

There are various signs that the survival of the fittest in China's carbon fiber industry is becoming more prominent, and it has begun to accelerate the reshuffle.

The survival of the fittest is a normal market phenomenon that will appear in any industry after a certain stage of development in the market economy environment. The carbon fiber industry will not be an exception, nor can it be an exception.

Over the past two years, several zombie carbon fiber enterprises that have not been produced for many years have declared bankruptcy applications, including Zhejiang Thailand new materials Limited by Share Ltd and Shenyang Zhong Heng new materials Co., Ltd.

Moreover, some of the still producing carbon fibers are still suffering from sustained losses.

But on the other hand, in the past year, the net profit of the carbon fiber listed companies has been close to 400 million yuan.

Today, Zhongfu Eagle announced its expansion.

In this regard, the industry can not help asking: carbon fiber industry a new round of expansion opened?

There is no doubt that the answer is yes.

What is more noteworthy is that under the guidance of the market "baton", the most stringent baptism has been experienced in the market. In the current expansion, the expansion of domestic carbon fiber has already highlighted the typical characteristics of the leader.

New material technology is an important strategic emerging industry in the world, and carbon fiber is the focus of new material industry.

Especially in the field of national defense industry, carbon fiber and its composite materials have very important strategic significance.

It is precisely because of the deep understanding of the important value of carbon fiber for various countries that in the decades before China's carbon fiber industry broke through the key technology of industrialization, Japan and other developed countries imposed a strict blockade on China's equipment, technology and talents in the field of carbon fiber in 2005.

In the past 10 years since the breakthrough of CCF300 carbon fiber technology in 2005, China's carbon fiber industry has developed rapidly and solved the problem of "nothing from scratch".

A breakthrough in technology and a recognition of the importance of carbon fiber materials has led to an upsurge of investment in carbon fiber in China.

At present, the research and production of carbon fiber enterprises and institutions are widely distributed throughout the country. In Jilin, there are Jilin petrochemical and Jilin chemical fiber, and so on in Weihai, Shandong.

"Governments in many places will have preferential policies or subsidy policies for carbon fiber investment projects. The state attaches great importance to this strategic material. In addition, some business owners really have the pursuit of good carbon fiber to serve the country. Many factors overlap, which stimulates capital into the carbon fiber industry, which includes both state-owned capital and private capital."

An industry insider said so.

According to incomplete statistics, there are about 30 large and small carbon fiber enterprises in China.

According to relevant statistics, in 2017, China's total demand for carbon fiber was about 23487 tons, and its capacity was about 26000 tons.

From the actual output, in 2017, the output of carbon fiber in mainland China was about 7400 tons, and the carbon fiber output in China's Taiwan was about 4000 tons.

However, the operation of these dozens of enterprises is quite different.

The industry pointed out that at present, a few enterprises with 1000 tons of production lines are working normally, and several enterprises with 100 ton production lines are also producing. The number of carbon fiber enterprises with the start and output of the rest may be less than 10, and the rest will not be produced.

Carefully combing will find that in the first round of the carbon fiber investment boom that lasted for about 10 years, although the universality of corporate operation is facing a great challenge, it is basically in a state of "increasing but not decreasing" in terms of total project volume.

Moreover, when some enterprises were involved in the carbon fiber industry, they had more or less a feeling of "breaking the monopoly and the industry to serve the country". Therefore, even if it is hard to insist, people will still feel that it may be an ideal strength to support the enterprise to move forward.

However, Zhejiang Thailand and Shenyang Zhong Heng let everyone clearly realize that even the industry with feelings again can not escape the test of market competition rules.

Whether or not we can make profits, and whether we can achieve continuous profits has become the primary problem facing more and more small and medium carbon fiber enterprises in the next 5 years or even in the next 10 years.

"Low cost" is a key point to enhance the competitiveness of domestic carbon fiber, and how to achieve low cost?

One of them is economies of scale.

And how can we achieve economies of scale?

First, scale down the cost of public expenditure and raw material procurement, and the two is through technological innovation or disruptive innovation.

To achieve economies of scale, first of all, we must eliminate inefficient production capacity and enhance the production capacity of actual production lines.

From this point of view, it is not surprising that carbon fiber companies which have not produced for a long time are applying for bankruptcy. Such enterprises are often referred to as "zombie enterprises", and their capacity is ineffective for the entire carbon fiber industry.

One industry insider said.

After 10 years of overall loss in the industry and after 10 years of suffering, 13 years after the start of industrialization of domestic carbon fiber, after the last round of investment driven by the carbon fiber industry, this time, the information behind the expansion plan of Zhongfu condor is that the expansion of the new domestic carbon fiber industry has opened.

The difference is that the last round of the carbon fiber industry's projects are basically in a state of competition. All over the country and all kinds of capital want to go on the project.

Now, the "baton" of the market has made the better operation gradually on the right track, and the current expansion has also been led by the leader.

A landmark event is that in September 1, 2017, Guang Wei complex was successfully listed on the Shenzhen gem, becoming the first professional carbon fiber enterprise in China's landing capital market.

According to the latest performance forecast, in 2018, the total revenue of Guang Wei complex reached 1 billion 363 million yuan, up 44% from the same period last year, and realized operating profit of 426 million 460 thousand yuan, an increase of 66% over the same period last year. The net profit attributable to shareholders of listed companies was 376 million 560 thousand yuan, up 59% over the same period last year.

The main reason for its growth is the steady growth of the company's military business, and the rapid growth of the wind power carbon beam business of civilian products.

At the same time, the company received a refund of value added tax of 68 million 690 thousand yuan, the company's research projects through acceptance, the corresponding project cost of 42 million 230 thousand yuan into the current profits and losses.

In terms of new projects, the new 20 ton high strength high modulus carbon fiber product line and two thousand ton carbon fiber production line are expected to be put into production in 30% in 2019 in the next 2019 years. It is expected that all products will be produced by 2020.

The 3 new carbon fiber production lines will provide stable support for the company's next carbon fiber market.

Li Taoyang, chief analyst of CITIC construction industry section, said in his research report that the "Wei Wei complex" will form a complete industrial chain covering the carbon fiber, fabric, resin, high-performance prepreg, composite parts and finished products from the raw silk, and will achieve a larger growth in capacity and sales within 3 years, which will further consolidate the leading position of the company in the domestic carbon fiber industry and lay the foundation for the rapid development of the 5~10 in the future.

In the light of the rapid growth of the carbon fiber business of Guang Wei complex, driven by the vigorous entry of civilian carbon fiber products into the emerging market, the future growth of the composites is expected to grow rapidly.

At the same time, as a leader in civilian carbon fiber, Zhongfu Eagle also began to make profits in 2016, which is the first time in the domestic civil carbon fiber market.

"This also marks the beginning of a healthy development stage of domestic carbon fiber."

An insider commented.

In fact, in May 2017, Zhongfu hawk thousand ton T800 raw silk production line was completed and put into operation and achieved continuous and stable operation. At the end of August 2017, its single line SYT55 (T800) carbon fiber 1000 ton production line was also put into operation.

This time, the news of the upcoming 20 thousand tonnes of carbon fiber projects in Xining will again turn the industry's attention to the Zhongfu eagle.

It can be found that in the past two years, the concentration of domestic carbon fiber industry is gradually improving. The comprehensive strength of the leading carbon fiber enterprises represented by "Guang Wei composite" and "Zhongfu divine eagle" is steadily increasing.

In the next few years, with the launch of their new projects, their share in the domestic carbon fiber market will rise again.

It is foreseeable that in the process of continuing to catch up with the world's advanced level in China's carbon fiber industry, the following phenomena will continue. On the one hand, talents, funds, policies and other comprehensive elements will further concentrate on the dominant enterprises, and their overall competitiveness will continue to grow.

On the other hand, those enterprises that lack strength in the fields of industrialization, technology, equipment, talents and funds can not match the development goals of enterprises. They will apply for bankruptcy in succession and be eliminated by the market.

This is the iron rule of "survival of the fittest" under the condition of market economy. The carbon fiber industry will not be an exception, nor can it be an exception.