On the 13th, Jiuri New Materials announced that it plans to invest 210 million yuan and 550 million yuan to build two major projects related to UV light curing materials and photoinitiators, with a total investment of 760,457 million yuan.
According to the announcement, according to the company’s development plan, Jiuri New Materials intends to invest in Shandong Jiuri Chemical Technology Co., Ltd. (Shandong Jiuri) to construct a project with an annual output of 32,300 tons of light-curing materials and water purifiers. Fundraising).
The main products of this project include: an annual output of 10,000 tons of UV resin (5,000 tons of epoxy acrylate, 2,000 tons of rosin modified acrylate, 2,000 tons of unsaturated polyester resin, 1,000 tons of polyurethane acrylate), 6,000 tons of special UV formula products (3,000 tons of radiation curing coil coatings, 2,000 tons of environmentally friendly printing inks, 1,000 tons of compound photoinitiators), 14,500 tons of liquid polyaluminum chloride, 1,800 tons of ammonium sulfate.
Shandong Jiuri has obtained the construction project filing certificate in Shandong Province, and other related filing and approval procedures are in progress. It is expected to start trial production in March 2022 and achieve full production before the end of 2024.
At the same time, Jiuri New Materials intends to invest in Inner Mongolia Jiuri New Materials Co., Ltd. (Inner Mongolia Jiuri) to construct a series of photoinitiators and intermediates project with an annual output of 9,250 tons, with a total investment of 550 million yuan (self-raised funds and raised funds).
The main products of this project include: 1,500 tons of TA, 1,500 tons of TPO, 400 tons of 118, 400 tons of 128, 600 tons of 818, 1,000 tons of DETX, 1,500 tons of BDK, 600 tons of EMK, 1,000 tons of OMBB, 1,350 tons of tert-butanol peroxide , 500 tons of 819, 500 tons of PBZ, 500 tons of MBZ, 500 tons of CBP, 3,600 tons of ammonium sulfate, 4,000 tons of polyferric sulfate, 200 tons of phosphorous acid, 400 tons of sodium bromide, 6,300 tons of polyaluminum chloride and other series of photoinitiators And by-products.
The preliminary approval procedures for the Inner Mongolia Jiuri project have been basically completed. It is expected to start production in July 2021 and reach 50% production and generate revenue by July 2022. The capacity utilization rate will be 75% from July 2022 to July 2023. It started operating at full capacity in August 2008.
Jiuri New Materials stated that the investment and construction of two major projects around the main business will further optimize the company's industrial layout and product structure, enhance overall strength, and consolidate Jiuri New Materials' position in UV and other light curing industries.