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Cangzhou Mingzhu Plastic Enters JV for South China Battery Separator Base

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Cangzhou Mingzhu Plastic (SHE:002108) entered into a joint venture with Guangzhou Zengcheng Development Zone Eastern Center Investment to build a 3.38 billion yuan South China base in Guangzhou.

The project includes eight wet-process lithium battery separator lines and seven polyethylene pipe lines, according to a weekend filing with the Shenzhen bourse.

The joint venture, Guangzhou Mingzhu New Materials, has registered capital of 1.2 billion yuan, with the company holding a 75% stake.

Construction targets trial production by March 2028.

Shares of the producer of rubber and plastics products closed 10% higher Monday.

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