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July 16, 2023 Long Torch New Materials (Siyang) Co., Ltd. raw silk project signed in Siyang County, Suqian City, Jiangsu Province, with a total investment of 6.8 billion yuan, the project is planned to be divided into two phases of new plants and R & D centers, such as 390,000 square meters, the construction of 10 technologically leading dry-sprayed wet-spinning production line, to achieve an annual output of 50,000 tons of high-performance carbon fibers raw silk capacity.