Shenzhen Capchem Technology (SHE:300037), through subsidiary Sanming Haisifu Chemical, has earmarked 150 million yuan to build a fluorine new materials research center, according to a Shenzhen Stock Exchange disclosure on Friday.
The research center will be located in Nanshan, Shangfang Village, Chengguan Township, Mingxi County, Sanming City, Fujian Province, China.
The project will have a land area of 17,246 square meters and will be built within 20 months, the electronic chemical product maker said.