MLCC market demand is strong, China Ceramic Materials plans to invest 20 million to establish a joint venture new materials company

According to the micro-network news, with the continued strong demand for MLCC (multi-layer ceramic capacitor) market, the China Ceramics electronic ceramic series products are currently in a market situation that is in short supply.

China Ceramics Co., Ltd. announced that it has reached a strategic cooperation with major raw material suppliers to ensure the supply chain of raw materials, with the aim of further enhancing the integration of upstream and downstream industrial chains, giving full play to the advantages and resources of both parties in their respective fields, and further expanding the company's business. Scale, to ensure the company's raw material advantages, thereby enhancing the company's electronic ceramic powder materials in the global market competitiveness. The company and natural person Lin Fuping signed the "Cooperation Agreement" on July 27, 2018 in Dongying, Shandong, the two sides jointly established in Yichang, Hubei Yichang Huasheng New Material Technology Co., Ltd.

According to the disclosure, Lin Fuping graduated from Tsinghua University majoring in chemical engineering and technology. 2003.7-2014.12 He has served as the production minister, vice president of production and director of Hubei Yihua Co., Ltd.; 2014.12 to present, Ren Yichang Huaneng Environmental Protection Technology Co., Ltd. (hereinafter referred to as ' Yichang Huaneng') Chairman; For many years, he has been engaged in R&D, production, sales and other related products of barium chloride, barium hydroxide and other related products, and has rich industry experience.

The announcement shows that Yichang Huasheng New Material Technology Co., Ltd. has a registered capital of RMB 100 million; the two parties contribute in cash, of which Party A contributes RMB 20 million, the shareholding ratio is 20%, and Lin Fuping contributes RMB 80 million. The shareholding ratio is 80%.

The business scope includes electronic grade barium hydroxide, electronic grade barium carbonate, electronic grade barium chloride, electronic grade barium sulfate, electronic grade calcium chloride, electronic grade titanium dioxide and environmentally friendly chemical products research and development, production, sales and import and export business.

China Ceramics said that this foreign investment is in line with the company's overall development strategy, ensuring the company's raw material supply and product supply chain extension, which will help promote the company's sustainable and stable development, enhance the company's sustainable development capability and core competitiveness, and help to enhance The company's operating performance, improve the return rate of shareholders, will have a positive impact on the company's future business development.