Introduction
On August 28, Zhejiang Greep New Material Co., Ltd. commenced its annual production of 10,000 tons of fluorine-containing special functional materials project with a total investment of 1.5 billion yuan. Located in the Quzhou Donggang Kecheng Industrial Park, Greep plans to invest 1.5 billion yuan in three phases to construct a new fluorine material deep-processing industrial park. The first phase of the project will involve an investment of 300 million yuan. Upon full operation, the project is expected to achieve an annual output value of over 7 billion yuan, sales revenue of 6.5 billion yuan, and an annual profit of more than 2 billion yuan. Greep is a wholly-owned subsidiary of Juhua Group Corporation, established in December 2010 with a registered capital of 100 million yuan. The company primarily engages in the R&D, production, and sales of fluorine-containing special functional materials.
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