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.
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