Xinhan New Materials plans to invest a total of 2 billion yuan in the Nanjing Jiangbei New Materials Science Park to develop integrated projects for high-performance resins, composite materials, and key monomers
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On February 10, Xinhuan New Materials issued a announcement stating that it intends to sign a project investment and settlement agreement with Nanjing Jiangbei New Materials Science Park in order to invest in the development of an integrated project focused on high-performance resins, composite materials, and key monomers. The project will be constructed in two phases, with an estimated total investment of 2 billion yuan. It will require approximately 146,666 square meters of land, and the investment intensity per mu shall be no less than 5.5 million yuan ； The average output value per mu should be no less than 8 million yuan per year ； The tax revenue per mu is not less than 350,000 yuan per year. Xinhan New Materials stated that this project will help advance the company’s initiatives related to high-performance resins, composite materials, and key monomers, thereby enhancing the company’s capabilities in research and development as well as production of high-performance resins and composite materials. This, in turn, will contribute to strengthening the company’s long-term core competitiveness and sustainable profitability.
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