PVTIME – On September 7, an opening ceremony of Chemical New Material Project was held in a new material industrial park of Jiangsu Eastern Shenghong Co.,Ltd. (000301.SZ), a China-based manufacture mainly engaged in the R&D, production and sales of textile products, in Lianyungang City of Jiangsu province, China.
Jiangsu Eastern Shenghong plans to invest in mass production of EVA, PO/SM and polyols, high-end polyolefins and related materials. And the project includes three sets of production units with annual output of 200,000 MT of tubular photovoltaic grade EVA, one set of kettle type production units for 100,000 MT/year of high-end hot melt adhesive grade EVA, and one set of production units for high-end copolymer EnBA with production capacity of 50,000 MT each year.
The project is designed to be the largest production base for high-end EVA supply in the world, once upon completion, and the company will achieve its strategic goal as to be million MT EVA manufacture. Then its market share of PV grade EVA is expected to increase to 40%-45% of the global market, ranking first in the world.
Furthermore, a new energy subsidiary, which is mainly engaged in R&D of energy recovery system, energy storage technology, sales of cells and accessories, etc, was established in Suzhou City by the company recently.