Dawn shares to build a copolyester material project

On June 2, Dawn Shares announced that the company signed a cooperation agreement with Zhejiang Hefu New Material Technology Co., LTD. (hereinafter called Zhejiang Hefu), Zou Xiangping and Jiang Hongliang to invest in the establishment of a joint venture company, Shandong Dawn Hefu New Material Co., LTD., and the joint venture company as the main body of the project to invest in the construction of the co-polyester material project. It includes polyterephthalate (PCT) project, cyclohexanediol (CHDM) project, PETG(copolyester with CHDM content less than 50%)/PCTG(copolyester with CHDM content more than 50%) project.

It is reported that high temperature polyester PCT is a basic chemical resin raw material with high added value, which can be used to prepare engineering plastic alloys, films, fibers and other products. With China's industrial upgrading and sustained and stable economic development, PCT products have played an increasingly important role in related industries. At present, the localization rate of PCT and PETG/PCTG in China is low, and there is a gap between supply and demand.