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on september 25, xi'an kaili new materials co., ltd. issued an announcement on overseas investment.

it plans to invest in the "hydrogenated nitrile rubber industrialization project" through its subsidiary binzhou kaitai new materials co., ltd.

the project has a total investment of 350 million yuan and is located in binzhou city, xianyang, shaanxi.

the project will be built in two phases, with a planned investment of 200 million yuan in the first phase.

the main construction projects include hydrogenation workshop, rubber post-processing workshop, raw material warehouse, finished product warehouse, etc.

the first phase of construction will build a hydrogenated nitrile rubber production line with an annual output of 1,000 tons, with a construction period of 12 months.

the second phase will start construction depending on the production and operation situation, with an annual production capacity of 2,000 tons.

at present, the project has completed the environmental impact assessment and energy assessment approval, and still needs to go through the procedures such as construction permit.

it is understood that xi'an kaili is a technologically advanced supplier of precious metal catalysts in the domestic fine chemical industry.

the above projects rely on their independently developed core catalysts and technologies to expand and extend the industrial chain.

xi'an kaili said that the construction of this project will further enhance the company's competitiveness in the field of new materials.