Wu Yu (China) Investment Co., Ltd. announced that the company will invest 90 million U.S. dollars to build a production base of fluoropolymer polyvinylidene fluoride (PVDC) resin with an annual output of 10,000 tons in Jiangsu Changshu New Materials Industrial Park. At the same time, it announced the establishment of Wuyu (Changshu) Fluorine Material Co., Ltd., with a registered capital of 60 million US dollars. In the future, it will focus on the development and manufacture of fluorine-containing polymer materials, focusing on the extension of the fluorine chemical industrial chain.
Wu Yu (China) invested in the construction of the polyvinylidene fluoride project in two phases. The first phase of the annual output of 5,000 tons of PVDC, the project will start soon, in 2013 completed the project construction, put into operation in 2014, after reaching production can achieve an annual sales income of 1 billion.
Wu Yu (China) Investment Co., Ltd. is an investment company established by Shanghai company, Wu Yu, in Shanghai. Founded in Japan in 1944, Wu Yu is an international group company specializing in the production of specialty chemicals and resins. It focuses on the core business of high-performance materials, pharmaceuticals and pesticides, and high-barrier packaging materials. The company has core technologies and products such as carbon fiber and hard carbon materials. It is also one of the few manufacturers of polyvinylidene fluoride resin in the world. The polyvinylidene fluoride produced by the company accounts for 70% of the global market share in the application of lithium battery anode and cathode binders.
Zhang Yu, general manager of Wu Yu (China) Investment Co., Ltd., stated that Changshu polyvinylidene fluoride production base is the world's second manufacturing plant. Wu Yu is very optimistic about the future development of the Chinese market and will continue to provide innovative products and Solutions to achieve the common development of Wu Yu and China.
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