Jilin Joinature Polymer (688716.SH) intends to invest 100 million yuan to establish Zhongyan Top Polymer Materials (Jiangsu) Co., Ltd.
Zhongyan Shares (688716.SH) announced that in order to seize the opportunities in the industry development and further increase the production capacity of PEEK materials, implement the integrated layout of the PEEK industry chain, the company plans to establish a wholly-owned subsidiary, Zhongyan Top Polymer Materials (Jiangsu) Co., Ltd., with a capital of 100 million yuan from its own funds, and to build a "annual production of 10,000 tons of polyether ether ketone (PEEK) polymer materials and 2,000 tons of PEEK raw materials integrated project" through the subsidiary.
Jilin Joinature Polymer (688716.SH) announced that in order to seize the opportunities in the industry and further increase the production capacity of PEEK materials, they are planning to establish a wholly-owned subsidiary, Zhongye Top Polymer Materials (Jiangsu) Co., Ltd., with an investment of 100 million yuan using its own funds. The subsidiary will be responsible for constructing the "Integrated Project of 10,000 tons/year of Polyether Ether Ketone (PEEK) Polymer Materials and 2,000 tons of PEEK raw materials". This move is part of the company's strategy to integrate the PEEK industrial chain.
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