Source:Jilin Economic and Technological Development Zone｜Updated: December 20, 2021 On December 13,
JiLin Polymership Co.,Ltd. (hereinafter referred to as JiLin Polymership) formally signed an investment settlement agreement with the Administrative Committee of Jilin Economic and Technological Development Zone.JiLin Polymership. is a wholly owned subsidiary of Jilin Juke Advanced Materials Co., Ltd.The company will invest in constructing a project with an annual output of 1,500 tons of polyetheretherketone (PEEK) within the development zone. The project involves a planned total investment of 204 million RMB and covers a land area of 33,000 square meters. Upon full completion and operation, it is expected to achieve an annual output value of 507 million RMB and profits and taxes of 244 million RMB.
Mu Zhongkui, General Manager of JiLin Polymership; Liu Bo, Deputy Director of the Administrative Committee of the Development Zone; Tong Feng, Director of the First Investment Promotion Bureau; and Wu Chunlei, Deputy Director of the First Investment Promotion Bureau attended the signing ceremony.
Polyetheretherketone (PEEK) is a special polymer material featuring high temperature resistance, self-lubrication, wear resistance and anti-fatigue performance. As one of the most popular high-performance engineering plastics at present, it is widely applied in six major sectors including aerospace, automotive, electronics, energy, machinery and medical industries.
Through extensive synthetic experiments on PEEK, Jufeng Advanced Materials has successfully broken the barrier from laboratory research to industrial production and fully mastered the core production technologies. Its product quality meets international standards and has been recognized by many well-known enterprises in the military, automotive and medical industries. Restricted by insufficient production capacity, the company cannot deliver products continuously and stably. Upon completion of the new production line, such bottleneck will be resolved to satisfy market demands for continuous, stable and consistent product supply.
The advancement of the project has garnered attention and recognition from Hu Bingji, Secretary of the Party Working Committee and Director of the Administrative Committee, and the project is progressing smoothly. Going forward, the First Investment Promotion Bureau will establish a regular communication mechanism with the project developer to identify bottlenecks hindering project commencement in a timely manner. Together with leaders of the Administrative Committee and relevant departments, the bureau will jointly tackle challenges to ensure the project starts construction on schedule.
Contributor: First Investment Promotion Bureau
