Expand the production capacity of coating materials Pu Tailai Co., Ltd. plans to build new PVDF and R142b projects in 1.4 billion

On the evening of December 28th, Putailai (603659) announced that the company's holding subsidiary Ruyuan East Sunshine Fluororesin Co., Ltd. (hereinafter referred to as "East Sunshine Fluororesin") reached an initial investment intention with the people's Government of Ruyuan Yao Autonomous County, Guangdong Province, to build 20, 000 tons / year PVDF and 45000 tons / year R142b projects in Ruyuan.

Data show that Pu Tai Lai and Guangdong Dongyang Science and Technology holding Co., Ltd. and its subsidiary Ruyuan East Sunshine Fluorine Co., Ltd. signed the "Strategic Cooperation and Investment Framework Agreement" and "Capital increase Agreement" respectively. The two sides will jointly promote the business development and industrial planning of Dongguang Fluororesin to ensure that Dongyang Fluororesin starts the 10, 000-ton / year PVDF+ 27000-ton / year R142b project. Up to now, Dongyang light fluorine resin has a production capacity of 5000 tons of PVDF.

In order to further meet the continuous product needs of downstream lithium-ion battery customers, promote the production capacity construction of Dongguang Fluororesin as soon as possible, speed up the capacity layout of PVDF, and build a perfect supply chain system of coating materials and binders, Pu Tai Lai intends to further expand the capacity construction planning based on the original plan, and plans to build a new 20,000t / year PVDF and 45000 t / year R142b project with a total investment of about 1.4 billion yuan.

It is reported that the project is expected to have a total investment of 1.4 billion yuan, and the project will be implemented in two phases. the first phase will build 10,000 tons / year PVDF and 18000 tons / year R142b projects, with a construction period of two years, which is expected to be completed and put into production by the end of 2023. The second phase of the construction of 10,000 tons / year PVDF and 27000 tons / year R142b projects is expected to be completed and put into production by the end of 2024.

Pu Tailai said that PVDF as an important coating material and binder for the lithium ion battery industry chain, this investment in the construction of PVDF production capacity will help the company to further improve the industrial closed-loop of base film, coating material, binder, coating equipment and coating processing, and form effective industrial coordination with the company's coating processing and binder business. In addition, as the main raw material of PVDF, the supporting construction of R142b will be beneficial to the construction of perfect process and raw material layout of Dongyang photofluororesin. After this capacity expansion, it will form a complete set with the existing 5000 tons of PVDF capacity of Dongguang Fluororesin, which will eventually form a capacity of 25000 tons / year of PVDF and 45000 tons / year of R142b raw material capacity.