Guoen Co., Ltd: Subsidiary plans to invest 960 million yuan to build PEEK material project.

Guoen Group announced that its wholly-owned subsidiary, Zhejiang Guoen Chemical Co., Ltd., plans to invest 960 million yuan to construct a 1000 tons/year new polyether ether ketone and styrene engineering material polymerization pilot platform, as well as a 300,000 tons/year modified and composite material project. The total area of the project is 100,400 square meters, approximately 150.6 acres. It is planned to build 2 polyether ether ketone material production lines, 1 styrene engineering material polymerization pilot platform, and 36 modified and composite material production lines. The project will be funded by internal funds.