Tianyuan shares cut into the PVC green material track

On June 26, Tianyuan Co.
, Ltd.
issued an announcement showing that its holding subsidiary Tianyi New Materials signed an "Investment Cooperation Agreement" with Shunkong Development and Laier Technology.
The three parties will jointly invest 100 million yuan to establish a limited liability company for production and sales.
Biaxially oriented polyvinyl chloride (PVC-O) new pipes and matching pipe fittings, matching rubber rings, polyvinyl chloride (PVC) ecological environmental protection floor
.

The controlling shareholder of the joint venture is Tianyi New Material, a subsidiary of Tianyuan Co.
, Ltd.
Tianyi New Material has formed high-impact new pipes including PVC pipes, polyolefin pipes, PVC-O-based high-impact pipes and lecithin (SPC) in Yibin.
) based on the multi-combination business segment of PVC flooring, and breaking through the core technical problems, it can produce large-diameter PVC-O pipes and PVC-O pipe fittings, filling the domestic technical gap
.

In the future, the joint venture company will take advantage of the resources of the three listed companies, rely on the advantages of the shareholder Tianyuan Co.
, Ltd.
's complete circular economy industrial chain, and its subsidiaries' mature technology and production teams to develop business, and develop the entire local water supply service industry with the help of the listed company's shareholders.
The advantages of the chain, as well as the advantages of Lier's technology industry resources, will jointly develop the country's emerging material industry
.