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Stellar Technology plans to invest 3 billion yuan to build a high-performance silicone polymer project

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Dahe Finance Cube News On November 23, Stellar Technology announced that the wholly-owned subsidiary Inner Mongolia Hengxing Chemical Co., Ltd. was established and has obtained the business license issued by the Dalate Banner Market Supervision Administration on November 21. Dahe Finance Cube - the most influential financial and financial media platform in the Central Plains ←Post me download




On November 23, Inner Mongolia Stellar Chemical signed a framework agreement with the Dalat Banner People's Government to build a project with an annual output of 120,000 tons of high-performance silicone polymer. The total investment of the project is 3 billion yuan. The first phase of the investment is 1.8 billion yuan, and the annual output of 200,000 tons of monomer (100,000 tons of ring body) will be completed in 18 months after the construction permit is obtained. After the first phase of production, the second phase will be started, and the second phase will invest 1.2 billion yuan. , to build a high-performance silicone polymer with an annual output of 120,000 tons of mixed methylcyclosiloxane, octamethylcyclotetrasiloxane, dimethicone, vinyl silicone oil. The total construction period of Phase I and Phase II is 36 months.


According to the previous announcement of Stellar Technology, the establishment of Inner Mongolia Stellar Chemical is mainly based on the overall planning of the industrial transformation layout of Stellar Technology under the new economic situation, and gradually deepen the high-tech materials industry with sustainable development. At the same time, the investment in the establishment of the company is to take full advantage of the assets obtained after the separation of Henan Hengxing New Materials Co., Ltd., and to combine the competitive resources advantages of Inner Mongolia's production materials to take a pioneering strategic layout.

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