# Xinlun Technology and Akron Polymer Systems form joint venture in Shenzhen

Xinlun Technology and Akron Polymer Systems will establish a joint venture, Julun Materials Technology (Shenzhen) Co., Ltd., with Xinlun investing 35 million yuan (70% stake) and Akron contributing proprietary technology valued at 15 million yuan (30% stake). Total planned investment is about 125 million yuan.

- Type: Partnership
- Announced: 2017-12-11
- Where: Shenzhen, Nanshan District, China
- Value: $18.9M (125.0M CNY)
- Status: announced
- Products: optical display functional materials, polyimide films
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Xinlun Technology](https://endata.com/companies/25508.md) (partner)
- [Akron Polymer Systems](https://endata.com/companies/28714.md) (partner)

## Sources

- [chnfund.com](https://www.chnfund.com/article/AR2017121119300263619768), 2017-12-11: "新纶科技与阿克伦公司拟设立立合资公司聚纶材料科技（深圳）有限公司，上市公司拟以现金方式3500万元出资，占注册资本的70%；阿克伦公司拟以专有技术作价1500万元出资，占注册资本的30%。"

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