According to an announcement released by Jinfu Technology on August 1st, its wholly-owned subsidiary, Shanghai Jinjinful New Material Technology Co., Ltd., intends to sign a Project Investment Agreement with Shanghai Jinshan Second Industrial Zone Investment Co., Ltd. Jinjinful plans to invest in and construct the "JF New Materials Phase I Eastern Production Base" project in the Carbon Valley Green Bay Industrial Park, Jinshan District, Shanghai.
The total planned investment of the project is 1.0137 billion yuan. It consists of a main production area, storage and transportation facilities area, public engineering and auxiliary facilities area, and administrative management area. Initially, it is planned to build production lines and supporting facilities for new materials such as fluorine-free adhesives, electronic adhesives, and thermal management coolants in the production area.
Jinfu Technology stated that in recent years, the company has actively sought transformation and development of its main business, and has established a strategic direction for transformation and development in three application material fields: thermal management materials, high-end adhesive materials, and electrochemical materials, targeting the consumer electronics and new energy industries. This project will help accelerate the company's strategic transformation towards the new materials field, enhance its overall competitiveness, and promote high-quality and sustainable development of the company.
