On June 8, Polymeric Materials issued a foreign investment announcement, and Jiangsu Deliju New Materials Co., Ltd. , a wholly-owned subsidiary of the company, signed the Investment Agreement with the Management Committee of Changzhou National High-tech Industrial Development Zone. It intends to invest in the construction of "High-end Photovoltaic Electronic Material Base Project" in Changzhou, Jiangsu Province. The total investment of
the project is estimated to be 1.2 billion yuan, of which the fixed assets investment is about 200 million yuan, the liquidity is about 1 billion yuan, covering an area of about 60 mu, and the construction period is planned to be 18 months. The project mainly involves the construction of an annual production and R & D project of electronic grade silver powder with an annual output of 3,000 tons, as well as supporting utilities, tank farms, warehouses and auxiliary facilities.
Polymeric Materials said that this investment will further improve the layout of the industrial chain, enhance the company's core competitiveness, strengthen the protection of upstream raw materials; give full play to Changzhou's advantages in new energy, new material industry location, policy, transportation and other advantages, and continue to enhance the company's market competitiveness and profitability. According to
the data, Polymeric Materials was established in June 2015 by Liu Haidong, Tianhe Xingyuan, Wu Weizhong and other investors. The company is mainly engaged in the research and development, production and sales of new electronic pastes. At present, the company's main products are positive silver pastes for solar cells.
Source: Digital New Energy DNE
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