Digital Building Materials DataBM. Com reported on March 21 that Lenot Tebo announced today that the construction and installation of the first production line of the initial public offering project "High Borosilicate Glass Production Project for LED Optical Lenses" had been completed, and the first kiln of the project was successfully ignited on March 21.
The company said that the project uses German imported equipment, mainly producing high borosilicate LED optical lenses. With the wide application of LED headlights in automotive and other fields, the market demand for glass lenses is increasing year by year. If the project reaches production on schedule, it will effectively meet the market demand, while expanding the application scenarios of the company's high borosilicate glass. It will have a positive impact on the company's future business performance. On November 11,
2022, Linot Glass first landed on the GEM of Shenzhen Stock Exchange to issue stocks, raising a total of 75542 71000 yuan, with a net actual amount of 68488 89000 yuan, which will be used for the company's "Neutral Borosilicate Pharmaceutical Glass Expansion Project" and "High Borosilicate Glass Production Technology Reform Project", and will be used for the company. Among them, the technical transformation project of high borosilicate glass production includes three sub-projects, and the production project of high borosilicate glass for LED optical lens is one of them. On December 11
last year, Linuo Tebo announced that due to the impact of the outbreak of the new coronavirus epidemic in China, the construction and investment progress of the project was delayed than expected. According to the domestic and international situation and market development, the time for the project to reach the expected usable state was extended to December 31, 2023.
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