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Lianhong Xinke began to enter the field of biodegradable materials
.
The company announced on the evening of June 1 that it plans to increase its capital by 150 million yuan to Jiangxi Academy of Sciences Biological New Materials Company.
After the capital increase is completed, the company holds 42.
86% of the equity of Jiangxi Academy of Sciences Biological New Materials, making it its largest shareholder
.
According to the announcement, Jiangxi Academy of Sciences Biological New Materials Co.
, Ltd.
was established in January 2008 with a registered capital of 118 million yuan.
Before the capital increase, Lianhong Group, the controlling shareholder of Lianhong Group, held 50.
85% of its shares
.
Biodegradable materials are the main way to solve the pollution of traditional plastics.
As an important variety of biodegradable materials, PLA has a strong market demand for its products and continues to be in short supply, and the future market space is broad
.
Lianhong Xinke continues to focus on the field of new materials, and takes biodegradable materials as an important direction for the company to realize its strategic layout
.
The announcement stated that the company's capital increase of 150 million yuan will be used to supplement the capital and operating liquidity of the target company for the reconstruction of the existing thousand-ton demonstration line and the construction of the first phase of the chemical fiber industrial base in Lianxi District, Jiujiang City, Jiangxi Province.
30,000 tons/year PLA whole industry chain project, including lactic acid fermentation and purification, lactide synthesis and purification, polylactic acid synthesis and polylactic acid depolymerization chemical cycle
.
Jiangxi Academy of Sciences Bio-New Materials Company plans to build a "130,000-ton/year biodegradable polylactic acid industry chain project" in two phases before 2025
.
