Puyuan Materials: Subsidiary Plans to Invest Up to 1 Billion Yuan in Meishan Yindile Phase III Project

36Kr learned from an announcement by Puyuan Materials that Meishan Yindile, a wholly owned subsidiary of Yindile Group, a controlling subsidiary of the company, plans to use its own and self-raised funds to acquire about 150 mu of chemical industrial land near its existing production base for the planning and construction of the Meishan Yindile Phase III Project. The project has a planned total investment of no more than 1 billion yuan, of which fixed asset investment will not exceed 800 million yuan. The project mainly involves building a production base for 100,000 tons per year of silicon-carbon precursor resin materials, a production base for 200,000 tons per year of new energy functional materials, and a research and development achievement transformation base. This matter still needs to be submitted to the shareholders' meeting for review.