Lianke Technology raises funds to promote the construction of carbon black project for cable shielding materials

July 10 news, recently, Shandong Lianke Technology Co., Ltd. announced that it had obtained approval from the China Securities Regulatory Commission to allow it to issue shares in a targeted manner to specific shareholders.

It is understood that the funds raised by Lianke Technology this time are mainly used for the research and development and production of carbon black for high-voltage cable shielding materials. The total investment of the project is approximately 1.004 billion yuan. It is planned to be implemented in Lianke New Materials in the Dongcheng Provincial Chemical Industrial Park of Linqu County, Weifang City, including the construction of four production lines with an annual output of 25,000 tons and a set of 55t/h tail gas waste heat boiler, denitrification and desulfurization equipment and public works supporting the project. The planned construction period of the project is 24 months.

This time, it is planned to use 232 million yuan of raised funds, which will be mainly used for the construction of the first phase of the project, that is, the 2× 25,000 tons/year high-voltage cable shielding material carbon black device, which will mainly pay for construction engineering costs, equipment purchase costs and installation costs.

Faced with fierce competition in China's general carbon black product market, Lianke Technology has adopted a differentiated development strategy and adhered to the direction of "specialization, innovation and innovation" business development. Long before that, they began to develop non-rubber carbon black, such as conductive carbon black and other carbon black products with high added value. The implementation of this fundraising project is an important measure for Lianke Technology to implement its carbon black business "specialization, innovation and innovation" development strategy. This measure will help improve the comprehensive competitiveness of enterprises and create new performance growth points for enterprises.