Guoen Co., Ltd.

Zhejiang Guoen Chemical, a wholly owned subsidiary of Guoen Co., plans to invest 960 million yuan to build a 1,000-ton/year PEEK polymerization line, a styrene engineering material pilot platform, and 300,000-ton/year modified/composite material lines in Zhejiang.

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.