Kaisheng Technology (600552.SH) issued an announcement saying that the company's holding subsidiary Anhui Zhongchuang plans to invest 84.81 million yuan in the existing plant area of Zhongchuang to build a production line of 3500 tons of CMP (polishing and abrasive materials) projects.
Kaisheng Technology said that at present, the domestic semiconductor and high-end glass polishing powders are in short supply and the market prospects are promising. Anhui Zhongchuang's high-end glass polishing powder pilot products have been recognized by customers. Based on this, the project will increase research and development efforts and expand production capacity. The products can be used in the fields of glass and semiconductor chips, which will make the company's products more diversified and high-end.
On the same day, another announcement issued by Kaisheng Technology showed that Bengbu Huayi, a wholly-owned subsidiary of the company, planned to invest 65.8 million yuan to build the second phase of the mobile phone protective cover in Huayi's original factory building. The project will use the existing 3 # factory building and some public and auxiliary equipment in the Bengbu Huayi factory area, newly purchase production equipment such as engraving machines, and expand the production line of 35 million mobile phone protective cover plates per year.
Kaisheng Technology said that after the first phase of the Bengbu Huayi mobile phone protective cover project was put into production, the market responded well and the number of orders continued to increase. It has important customers such as Amazon and Xiaomi. At present, the production capacity can no longer meet the development needs. This expansion project will effectively expand the company. Production capacity will also improve the automation level and compatibility of the production line.