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On the evening of May 25th, Wuxi Akeli issued a series of announcements.
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1 Establish a subsidiary
The sixteenth meeting of the third board of directors of Wuxi Akeli held on May 25, 2021 deliberated and passed the decision: The company plans to subscribe 350 million yuan and invest in the establishment of a wholly-owned subsidiary—Aceli Technology (Taixing) Co.
Subsidiary business scope: R&D, production and sales of polyetheramine, optical materials (cycloolefin monomers and polymers), high-purity silica sol, special high-heat-resistant resins, and modified epoxy resins; domestic trade (excluding domestic Restricted and prohibited items); self-operate and agent the import and export business of various commodities and technologies (except for the commodities and technologies that are restricted by the state or prohibited for import and export) com" href="">coating online coatingol.
2 Construction of 20,000 tons of polyetheramine and 30,000 tons of optical materials projects
Akeli said: In order to promote the improvement of the company’s economic efficiency and enhance sustainable development capabilities, Wuxi Akeli Technology Co.
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The second phase includes 10,000t/a polyetheramine, 20,000t/a optical materials (cycloolefin monomers and polymers), 10,000t/a polyether, with an area of about 90 acres (including about 40 acres of non-chemical land), and investment About 600 million yuan.
3 Termination of the “annual production of 20,000 tons of fatty amine expansion project
As of April 29, 2021, the first phase of Wuxi Akeri’s initial public offering project "Annual production of 20,000 tons of fatty amine expansion and annual production of 10,000 tons of high light-transmitting materials", that is, "annual production of 10,000 tons of fat The construction and acceptance of the project of amine and optical grade cycloolefin monomer with an annual output of 5,000 tons has been completed.
According to the "Provincial Government's Notice on Strengthening the Standardized Management of Chemical Concentration Zones in Chemical Parks in the Province" (Su Zhengfa [2020] No.
94), the park where the company is located is a chemical concentration zone, and new, reconstruction, or expansion projects are not allowed.
Therefore, it is planned to terminate the second phase of the "20,000 tons of fatty amine production expansion project", that is, the second phase of "10,000 tons of fatty amine production" and "10,000 tons of high light transmittance materials" will continue to advance.
