Chongqing Shuangxiang Optical Materials Co., Ltd.’s 2.5-billion-yuan project for annual production of 350,000 tons of special materials

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On the 13th of the month, Shuangxiang Co., Ltd. issued a announcement stating that its wholly-owned subsidiary, Chongqing Shuangxiang Optical Materials Co., Ltd., intends to sign an investment agreement with the Management Committee of Changshou Economic and Technological Development Zone for a project aimed at producing 350,000 tons per year of special materials. Chongqing Shuangxiang Optical Materials Co., Ltd. (hereinafter referred to as “Chongqing Optical”), a wholly-owned subsidiary of Wuxi Shuangxiang Superfiber Materials Co., Ltd. (hereinafter referred to as the “Company”), and the Changshou Economic and Technological Development Zone Management Committee (hereinafter referred to as “Changshou ETDZ”) have, through friendly consultations, decided to sign an Investment Agreement for the Construction of a Project with an Annual Production Capacity of 350,000 tons of Special Materials (hereinafter referred to as the “Investment Agreement”). Changshou ETDZ will assist Chongqing Optical in obtaining the land use rights for the project site through leasing, so that the project can be built; the total investment required for this project is estimated to be around 2.5 billion RMB. Contents of the investment project: Construction of a 350,000-ton/year specialty materials facility, which mainly includes production capacity for 40,000 tons/year of specialty rubber, 200,000 tons/year of MBS, 20,000 tons/year of TAC-grade PMMA, 20,000 tons/year of ultra-high temperature-resistant PMMA, 40,000 tons/year of acrylic resins, 20,000 tons/year of PMMA dyed and modified products, 10,000 tons/year of IBUMA, along with related supporting facilities. Project investment amount, taxes, and start-up time: The total investment in the project is approximately 2.5 billion yuan, of which 2 billion yuan is allocated to fixed asset investments, 450 million yuan to working capital, and 50 million yuan to research and development efforts. It is estimated that the project will generate 150 million yuan in taxes after it is completed. The project is expected to begin construction in June 2026, with a construction period of 15 months.