The Nantong NTEC Single Fiber Technology Co Ltd recently signed a formal agreement for the development and manufacture of high-end polymer single fiber forming equipment in the Gangzha Economic Development Zone in Nantong, Jiangsu province.

The project focuses on the research, development, manufacture, and sale of composite material production equipment, aiming to drive technological advancements and industrial upgrades. According to plans, it will occupy 2 hectares of land and consist of the construction of three new factory buildings.

The project will have the capacity to produce 100 sets of high-performance polymer single fiber production equipment and supporting devices annually. It is expected to generate annual sales revenue of up to 500 million yuan ($70.43 million), demonstrating strong market competitiveness and having positive economic benefits.

Production equipment is seen at the The Nantong NTEC Single Fiber Technology Co Ltd. [Photo/WeChat account: chongchuanonline]