# Zhejiang GON Chemical to invest 960 million yuan in PEEK and composite materials project

Zhejiang GON Chemical Co., Ltd., a wholly-owned subsidiary of GON, plans to invest 960 million yuan to build a 1,000 tons/year PEEK polymerization pilot platform and a 300,000 tons/year modified and composite materials project.

- Type: Investment
- Announced: 2025-07-31
- Where: China
- Value: $132.0M (960.0M CNY)
- Status: announced
- Capacity: 1,000 tons/year PEEK; 300,000 tons/year modified and composite materials
- Products: polyether ether ketone (PEEK), polystyrene engineering materials, modified and composite materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [GON Holding](https://endata.com/companies/26446.md)
- [Zhejiang GON Chemical Co., Ltd.](https://endata.com/companies/86346.md)

## Sources

- [longbridge.com](https://longbridge.com/news/250950093), 2025-07-31: "GON announced that its wholly-owned subsidiary, Zhejiang GON Chemical Co., Ltd., plans to invest 960 million yuan to build a 1,000 tons/year new polyether ether ketone and polystyrene engineering materials polymerization pilot platform and a 300,000 tons/year modified and composite materials project"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.