Woer Heat-Shrinkable Material o Invest RMB 1 Billion in Suzhou New Materials Project

MT Newswires Live2025-09-24

ShenZhen Woer Heat-Shrinkable Material (SHE:002130) subsidiary Shanghai Kotar will invest up to 1 billion yuan in a new materials project in the Wujiang Economic and Technological Development Zone in Jiangsu, China.

The project will establish a base for research and development and production of battery safety materials, refractory products, and electronic components, according to a Wednesday filing with the Shenzhen bourse.

Of the planned investment, 360 million yuan will go towards construction, 240 million yuan to equipment and 400 million yuan to working capital.

Shares of the heat shrink tube manufacturer slid 2% in recent trade.

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