FUJIAN SUPERTECH ADVANCED MATERIAL plans to invest 200 million yuan to build a vacuum insulation board project for energy thermal management

According to the Zhitong Finance APP, SaiTe New Materials (688398.SH) announced that the company plans to sign an "Investment Contract" with the Liancheng County Investment Promotion Center, under which the company will lease a factory building with a total area of approximately 31,177.96 square meters from Liancheng County Industry and Trade Development Co., Ltd. for the implementation of the "Vacuum Insulation Panel Project for Energy Thermal Management." The total investment for the project is 200 million yuan, of which 150 million yuan is for fixed asset investment. Once the project is completed and reaches production capacity, it can produce 2 million square meters of ultra-thin VIP, 500,000 square meters of metal VIP, and 1.2 million square meters of construction VIP annually.

The capacity for large-scale production is a prerequisite for new products to enter the market and secure orders. Through the transformation of R&D achievements, the company will layout new businesses and profit growth points, further enhancing its market competitive advantage and growth momentum. This will help the company expand vacuum insulation materials into downstream application scenarios such as power batteries, energy storage batteries, industrial equipment, liquefied natural gas storage and transportation, high-temperature electrical appliances, and energy-efficient buildings, effectively assisting downstream customers in energy thermal management