# Guoen shares invests 123 million yuan in Zhejiang Yisu polystyrene project

Guoen Co., Ltd. increased its capital by 123 million yuan to Zhejiang Yisu New Material Technology Co., Ltd., holding 70% equity. Zhejiang Yisu is building a 1-million-ton annual output polystyrene project in Zhoushan, Zhejiang, with first phase expected to start production at the end of June 2022.

- Type: Investment
- Announced: 2022-01-04
- Where: Zhoushan, Zhejiang, China
- Value: $19.3M (123.0M CNY)
- Starts operating: 30 Jun 2022
- Status: announced
- Capacity: 1 million tons per year of polystyrene
- Products: polystyrene (GPPS and HIPS)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Guoen Co., Ltd.](https://endata.com/companies/60109.md) (investor)
- [Zhejiang Yisu New Material Technology Co., Ltd.](https://endata.com/companies/60110.md) (target)

## Sources

- [en.qdgon.com](http://en.qdgon.com/new_details/1.html), 2022-01-05: "After the completion of this capital increase, Guoen shares hold 70% of the equity of Zhejiang Yisu."

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