Invest 1.05 Billion Yuan! The Advanced Functional Film Material Industry in The Economic Development Zone Has Made A New Move in A Big Game

On April 9th, the delivery ceremony for Yixing Chuangju Electronic Materials Co., Ltd.'s acquisition of South Korean IPI Company was held. Yu Renjun, member of the Standing Committee of the Municipal Party Committee, Deputy Secretary of the Party Working Committee of the Economic Development Zone, and Director of the Management Committee, attended the event and delivered a speech.

Tianjin Lianlong New Material Co., Ltd. is a national high-tech enterprise, A-share listed enterprise, and a global excellent anti-aging additive product and technology supplier of polymer materials. This time, Tianjin Lianlong New Materials Co., Ltd. and various partners jointly established Yixing Chuangju Electronics as the implementing entity, fully acquired South Korean IPI company, and relied on IPI company's core technology advantages in the polyimide material field to focus on investing 1.05 billion yuan in the construction of flexible display and flexible circuit board materials (TPI) projects in the park, accelerating the breaking of foreign long-term monopoly on polyimide material "bottleneck" technology and achieving domestic substitution. At present, the project has been registered and is scheduled to start construction in August. With the completion and operation of this project, it will accelerate the development and rise of the advanced membrane material industry chain in the park, effectively enhance the level of scientific and technological innovation and opening up to the outside world in the park.

In his speech, Yu Renjun stated that the Economic Development Zone will consistently optimize the business environment as the "number one project" for building an international and modern first-class park, and will continue to follow up and ensure project construction and enterprise development throughout the process. Sincerely looking forward to close communication and deepening interaction between the signing parties of the merger and acquisition, and achieving mutual promotion and win-win development at a new starting point. Sincerely hope that entrepreneurs and financiers will continue to care about and support the development of Yixing Economic Development Zone, provide more guidance and assistance in industrial investment, technological innovation, financial investment, and other aspects, and work together with the park to create a mutually beneficial and win-win future.

The Economic and Technological Development Zone will always stand at the national strategic height of building a modern industrial system, firmly promote the development of "industrial strength zone, technological revitalization zone, and open development zone", especially regard the development of advanced functional membrane materials industry as an important support for cultivating new quality productivity and rising modern industrial clusters, concentrate on building advanced membrane material characteristic industrial parks, and continue to usher in a new chapter of transformation and development.