Sidike (300806.SZ) plans to invest RMB 1.652 billion to build an expansion project with an annual output of 103,000 tons of high-end functional BOPET base film.

Zhitong Finance APP News, Sidike (300806.SZ) has announced that, in order to further implement the company's future development strategic plan, fill the gap in upstream high-end functional BOPET base film, improve the layout of the entire industrial chain, and enhance the market share of high-end base material products and overall core competitiveness, the company plans to invest in and construct an expansion project with an annual output of 103,000 tons of high-end functional BOPET base film. The project will be implemented by the company's wholly-owned subsidiary Jiangsu Xingyuantai New Material Technology Co., Ltd. (referred to as "Xingyuantai"). According to the company's investment plan estimates, the total investment amount of the project is expected to be 1.652 billion yuan (the final total project investment shall be subject to actual investment). The project funding source is Xingyuantai's own funds and self-raised funds, and the construction site is located in Sihong, Jiangsu.