Shandong Shenghua New Material Technology completes over RMB100m financing

Shandong Shenghua New Material Technology has completed over 100 million yuan financing, led by Addor Capital.

Shandong Shenghua New Material Technology has completed over 100 million yuan financing, led by Addor Capital.

The proceeds will be mainly used for production support of domestic front-line LCD manufacturers to further expand Shenghua’s market share in LCD intermediates and monomers.

Shenghua was established in 2003. The company is located in the Jiaodong Peninsula of eastern China, and is headquartered in Laiyang City. It is a high-tech enterprise specializing in R&D, production and sales of liquid crystal materials, OLED materials and pharmaceutical intermediates.

As of now, Shenghua has developed more than 130 new products, of which more than 80 new products have realized large-scale production. The products sell well in the Chinese market and have been exported to Japan, South Korea, Germany and other countries.

Shenghua has obtained 28 national patents, 2 provincial and municipal science and technology awards. It has been identified as Shandong High-tech Enterprise, Shandong Province SME Innovation and Transformation of Enterprises and Shandong Academician Workstation and others.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/shandong-shenghua-new-material-technology-completes-over-rmb100m-financing/.

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