QY GAS plans to invest 302 million yuan to build an electronic-grade medical-grade specialty gas production base in Chengdu

QY GAS signed an investment cooperation agreement with the Chengdu New Materials Industry Functional Zone Management Committee, planning to invest CNY 302 million in Chengdu to build a production base for electronic-grade and medical-grade specialty gases. The project is divided into two phases: Phase 1 involves an investment of CNY 152 million to construct a production line for 20,000 tons/year of electronic-grade carbon dioxide and medical-grade carbon dioxide, while Phase 2 involves an investment of CNY 150 million to expand the production capacity of high-end electronic chemicals and specialty gases. This move will enhance the supply capacity of medical gases to meet the demands in the biopharmaceutical and medical device sectors