Asia
Cangzhou Mingzhu Plastic Enters JV for South China Battery Separator Base
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.
SHE:002108
