International financial giant enters China's fluorine chemical industry

Dongyue Chemical Co., Ltd. and the World Bank International Finance Corporation and the Dutch Bank Baring (Asia) Investment Co., Ltd. formally signed an investment cooperation agreement in Beijing on June 2 to jointly develop the fluorine chemical industry. IFC and Barings (Asia) jointly owned 27.3% of Dongyue Chemical with 130 million U.S. dollars of equity and debt, becoming a strategic investor of the company.

Dongyue Chemical has become the world's largest green refrigerant base and China's largest fluorine material base in recent years, and has the world's largest CDM project. At present, Dongyue Chemical has started 400,000 tons of organic silicon new materials projects, with a total investment of 4.5 billion yuan. It will be completed and put into production in two phases in the “Eleventh Five-Year Plan” period, and it will be able to reach the domestic first production scale.

Zhang Yuehong, chairman of Dongyue Chemical, said at the signing ceremony that the company will use the investments of IFC and Barings (Asia) to enhance its production capacity, develop its own silicone business, and achieve long-term sustainable growth of the company.

IFC is a financial investor under the World Bank Group and has invested more than 100 projects in China. Baring (Asia) Investment Co., Ltd. is one of the oldest private equity funds in Asia and has invested in more than 40 Asian companies.

Medical Disinfection Basket

Medical Disinfection Basket,Instrument Baskets,Stainless Steel Basket,Ss Kitchen Basket

glorybest industry co.,ltd , https://www.hbglorybest.com