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Zhejiang Jiemei Electronic And Technology to Invest 700 Million Yuan in New Electronic Materials Plant

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Zhejiang Jiemei Electronic and Technology (SHE:002859) unit Zhejiang Jiemei Electronic Materials signed an investment contract to build a 700-million-yuan facility for high-end electronic component packaging materials.

The 50,000-ton-per-year project is located in Anji County's Lingang Industrial Park in Zhejiang, China, according to a weekend filing with the Shenzhen bourse.

Partial production is targeted for December 2028. Total project investment is 700 million yuan.

The expansion aims to meet growing downstream demand, upgrade equipment, reduce costs and enhance green production through centralized facilities.

Shares of the electronic components manufacturer closed 10% higher Monday.

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