# Eastern Shenghong subsidiary to invest 9.73B yuan in POE project

Jiangsu Shengjing New Materials Co., Ltd., a subsidiary of Eastern Shenghong, plans to invest 9.73 billion yuan to build a polyolefin elastomer (POE) and other high-end new materials project with a construction period of 2 years.

- Type: Investment
- Announced: 2022-11-29
- Where: China
- Value: $1.35B (9.73B CNY)
- Starts operating: 2024
- Status: announced
- Products: polyolefin elastomer (POE), high-end new materials
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Eastern Shenghong](https://endata.com/companies/60279.md)
- [Jiangsu Shengjing New Materials Co., Ltd.](https://endata.com/companies/66917.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/838863.html), 2022-11-29: "公司的三级控股子公司江苏盛景新材料有限公司拟投资建设聚烯烃弹性体(POE)等高端新材料项目，本项目总投资97.30亿元"

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