(Yicai Global) Dec. 14 -- Chinese mechanical equipment manufacturer Fujian Haiyuan Automatic Equipments Co. [SHE:002529], a has recently struck strategic cooperation with Germany-based SGL Carbon SE [XETRA:SGL], whereby both parties will embark on comprehensive cooperation in development and production technologies for carbon-fiber components.  

SGL will supply carbon fiber materials and semi-finished products at the most competitive price and technological support as well as product design, material selection and production technology design, per a statement by Haiyuan.

Among the world's top manufacturers of carbon graphite materials and relevant products, SGL owns a complete production line in this sector. Company shareholders include many famous international auto enterprises like Bayerische Motoren Werke AG [XETRA:BMW], which provides the latter with lightweight automobile solutions. 

The parties will form a long-term and stable partnership. SGL will help them become a leading enterprise in lightweight automobiles in China, said Haiyuan Automatic Equipments.

The company mainly manufactures mechanical equipment such as fully-automated hydraulic presses used in construction and metallurgy. Sluggish downstream industries in recent years have prompted it to gravitate into emerging industries like lightweight automobiles and composite material production.