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Mingzhu Plastic announced plans to invest nearly CNY 3.4 billion (USD 497.4 million) to build a production base in the Zengcheng Economic and Technological Development Zone in Guangzhou, China. The facility will include eight wet-process lithium-ion battery separator lines and seven PE pipe lines, adding 2.4 billion square meters of separator capacity and 30,000 tons of PE pipe capacity annually.
“The project is expected to lift the BYD supplier's designed annual lithium battery separator capacity to 4.2 billion square meters from current levels, helping it move into the top tier of global suppliers.”yicaiglobal.com
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