Zhejiang Sanmei’s 10,000-ton fluoropolymer project enters the countdown to production start

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On May 8, the lightning protection systems for Zhejiang Sanmei Chemical Co., Ltd.’s 5kt/a polyperfluoroethylene propylene and 5kt/a polyvinylidene fluoride production facilities, located in the New Materials Industrial Park in Shuxi Sub-district, Wuyi County, Zhejiang Province, met the relevant standards as well as the usage requirements set by the meteorological authorities under the State Council; thus, they passed the inspection. It is understood that this project is carried out by Zhejiang Sanmei Chemical Co., Ltd., with a total investment of 1.08 billion yuan; it is located in the New Materials Industrial Park in Wuyi County, Jinhua City, Zhejiang Province. The main construction components include production lines for 5,000 tons per year of polyperfluoroethylene propylene and 5,000 tons per year of polyvinylidene fluoride, along with supporting utilities, environmental protection facilities, and related auxiliary systems. Upon reaching full production, the project is expected to generate an average annual sales revenue of 1,717.78 million yuan and an average annual after-tax profit of 273.99 million yuan. The after-tax internal rate of return will be 26.75%, while the after-tax payback period is projected to be 5.45 years (including the construction phase).