On January 17, Sinopec announced that it will jointly invest US$1.7 billion with Saudi Basic Industries to build a polycarbonate project in Tianjin Binhai New Area. Not long ago, China National Chemical Industry Corporation and Tianjin Municipal Government signed a strategic cooperation framework agreement including the construction of new chemical materials projects. At the same time, the world-renowned semiconductor substrate material supplier Crystal Technology Corporation also announced that it will invest in crystal synthesis and wafer processing projects in Yixianyuan, Tianjin Development Zone. For a time, the new material industry in Tianjin Binhai New Area was very lively.
Analysts believe that the new materials industry is extremely important for the development of advanced manufacturing in Tianjin Binhai New Area. Tianjin Binhai New Area has the raw material basis for the Shangma Polycarbonate Project and also has a manufacturing base for digesting related products. The completion and production of the project will further enhance the added value of the petrochemical industry in Tianjin Binhai New Area, and will also reduce the supporting costs of the automobile manufacturing and other industries. U.S. crystal technology company executives also stated that one of the important factors for choosing to settle in Tianjin Binhai Development Zone is that Tianjin has gathered a large number of customers in the fields of mobile communications and LED.
At the same time, the market demand that needs to be met is also an incentive to attract huge investments into the new materials sector. It is understood that with the rapid development of industries such as automobiles, electronics, and electrical appliances, the demand for polycarbonate in China has grown more rapidly. However, due to insufficient domestic capacity, China's polycarbonate imports reached 1 million tons in 2010. The launch of the new joint venture project is aimed at a huge gap in the country.
According to reports, the new material industry in Tianjin Binhai New Area will provide material support for the upgrading of products and technologies for advantageous industries, provide material security for high-end intelligent green manufacturing, and provide development services for the development of circular economy. The development of smart materials and the use of green materials. At present, Tianjin Binhai New Area has gathered more than 100 various types of new material companies, and has strong industrial bases in electronic information materials, new chemical materials, and other fields, and is at the leading level in the fields of polymer materials, nanomaterials, and membrane separation technologies.
Transfer Printing Sublimation Paper,Best Quality Heat Transfer Paper,Elegant Shape Heat Transfer Paper,Delicate Colors Heat Transfer Paper
SHAOXING HONEST IMP&EXP.CO.,LTD , https://www.transfer-printed.com