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Jiangsu Sidike New Materials Science & Technology Invests 565 Million Yuan in Film Production Plant

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Jiangsu Sidike New Materials Science & Technology (SHE:300806) is investing 565 million yuan to build an annual 1.2 billion-square-meter high-end MLCC release film production facility in Jiangsu, China.

The project aims to boost mid-to-high-end capacity to 80% of total output, with ultra-high-end products under 1 micrometer exceeding 10% of capacity, according to a Tuesday filing with the Shenzhen bourse.

Shares of the manufacturer of general protective materials and adhesive products declined 1% in recent trade.

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