Nanjing Julong plans to invest 600 million yuan to build projects with an annual output of 150,000 tons of modified engineering plastics
Latest News: On the evening of July 13, Nanjing Julong announced that the company intends to sign the “Project Investment Agreement” and “Supplementary Agreement” with the Management Committee of Anhui Laian Chahe Economic Development Zone. Anhui Lai’andingshan-Chahe inter-provincial adjoining new functional zone invests in the construction of a project with an annual output of 150,000 tons of modified engineering plastics, 20,000 tons of special engineering plastics and 30 tons of carbon fiber composite materials. The total investment of the project is 600 million yuan, of which fixed The asset investment is 500 million yuan, and the construction period is 30 months. The planned land area of the project is about 166 mu, and production lines for modified engineering plastics, special engineering plastics and carbon fiber composite materials will be built, including new workshops and production equipment.
Nanjing Julong said that in order to carry out related business, the company plans to set up a wholly-owned subsidiary, Anhui Juxinglong New Material Technology Co., Ltd. in Laian County, Anhui Province. The proposed subsidiary, Anhui Juxinglong New Material Technology Co., Ltd., has a registered capital of 50 million yuan. , mainly engaged in research and development, production and sales of new polymer materials and their composite materials, precision components. Subsidiary name, registered capital, domicile, business scope and other relevant information are subject to the approval of the industrial and commercial registration authority.
It is reported that if the project progresses smoothly, it will form an annual production capacity of 150,000 tons of modified engineering plastics, 20,000 tons of special engineering plastics and 30 tons of carbon fiber composite materials, which will improve the company’s business layout and expand its business scale.