Zhejiang GBF Basalt Fiber Co., Ltd. was founded in 2006. It is a national high-tech enterprise with a registered capital of 55 million CNY. Its main business is research and development, production, marketing and technical consulting services of Continuous Basalt Fibre（GBF）. The products are widely used in transportation infrastructure, construction, power, environmental protection, fire protection, automobiles, ships, rail transit, oil and natural gas pipelines, new energy, marine protection and other fields.

The company has a provincial academician expert workstation and provincial enterprise research institute, and cooperates with Southeast University to build a national joint engineering research center for basalt fiber application technology. Originally the company has created the all electric furnace basalt melting and wire drawing production technology, and is a global leader in the research and development of basalt fiber pool kiln production technology, large leakage plate production technology and continuous basalt fiber spinning production technology. Undertake the national 863 project ofBasalt Continuous Fibers and its Composite Materials, and take the lead in developing the production and application technology of continuous basalt fibers in China. 56 invention patents and utility model patents have been authorized to take the lead or participate in the formulation of 16 national and industrial standards.