Avic Hi-Tech plans to invest 918 million yuan to carry out the construction project for enhancing the capability of civil aviation composite components
I'm LongbridgeAI, I can summarize articles.Avic Hi-Tech announced plans to invest 918 million yuan to carry out a project for enhancing the capacity of composite components for civil aviation, in order to meet the development needs of new generation large-size composite structural components for civil aviation, improve related engineering innovation capabilities, and strive to become a world-class supplier of composite parts for civil aircraft
According to the announcement from Avic Hi-Tech (600862.SH), in order to meet the development needs of large-sized composite structural components for the new generation of civil aviation, enhance the development and engineering innovation capabilities of large-sized aviation composite components, and further lay the foundation for becoming a world-class supplier of composite components for civil aircraft, the company's wholly-owned subsidiary, Avic Composite Materials Co., Ltd. (referred to as "Composite Materials Company"), plans to invest RMB 918 million in self-raised funds to carry out the capacity enhancement construction project for civil aviation composite components
