The groundbreaking ceremony of Wu Yu (Changshu) Fluorine Material Co., Ltd. was held in Changshu New Materials Industrial Park, marking the official launch of the construction of the second PVDF resin production base in the world by Japan's Wu Yu. The first-phase 5,000-ton PVDF production plant will be completed in June 2013, and will be put into production in January 2014. It will realize an annual sales income of RMB 1 billion.
Wu Yu (Changshu) Fluorine Material Co., Ltd. has a registered capital of 60 million US dollars and its production base covers an area of ​​135 mu. The first-phase construction projects include the main plant, production facilities and environmental protection projects, with a total investment of 90 million US dollars.
At the opening ceremony, Mr. Wu Yufeng, vice president of the company, and Mr. Zhang Yu, chairman and general manager of Wu Yu (Changshu), expressed that they are confident that the project will settle in Changshu and will continue to promote technological innovation in the future. To achieve harmonious development with surrounding communities and the environment, to build Wu Yu (Changshu) into a world-class enterprise.
Established in Japan in 1944 and listed on the Tokyo Stock Exchange in 1949, Wu Yu Japan Co., Ltd. has three core businesses: high-performance materials, pharmaceuticals and pesticides, and high-barrier packaging materials. The company entered the PVDF production field in the 1970s and is one of the few manufacturers in the world. The products are mainly used for the bonding of positive and negative electrodes of lithium batteries and currently account for 70% of the global market share.
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