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Shanghai Kete, a subsidiary of Woer Material, signed an investment agreement to build a new production base in Dushan Port Economic Development Zone, Zhejiang, with a total investment of about 1.2 billion yuan ($165M). The facility will produce new energy protection products, electronic components, refractory specialty materials and aerogel products.
“该项目将涉及于土地的上建设新生产基地项目,以规划研发实验室、生产厂房、办公用房和其他配套设施,主要用于新能源防护产品、电子元器件、耐火特种材料和气凝胶制品等产品的研发、生产。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.