Zhongyan Shares Signs PEEK Integrated Project in Zhangjiagang, 1.2 Billion Yuan Investment

Recently, the signing ceremony for Zhongyan Shares Polyether Ether Ketone (PEEK) integrated project was held in Zhangjiagang, Jiangsu. Attendees included Gu Haidong, Member of the Standing Committee of the Suzhou Municipal Party Committee and Executive Vice Mayor, Xu Ben, Secretary of the Zhangjiagang Municipal Party Committee, and Xie Yuning, Director of Jilin Zhongyan Polymer Materials Co., Ltd. The project involves a fixed investment of 1.2 billion yuan. Upon full completion, it will have an annual capacity of 10,000 tons of polyether ether ketone (PEEK) polymer materials and 2,000 tons of PEEK raw materials. The project will feature fully automated intelligent workshops to further enhance production capacity and efficiency. Additionally, since fluoro ketone is the core raw material and main cost driver for PEEK production, building in-house fluoro ketone capacity will achieve self-control of upstream key raw materials, reduce core material procurement costs, and improve product profitability margins. Xu Ben stated that Zhangjiagang is focusing on attracting major investments and strengthening excellent enterprises, fully supporting Suzhou in building a national new industrialization demonstration zone. He looks forward to Zhongyan Shares pushing the project to start early, build fast, and begin production soon, striving to create "the most advanced polyether ether ketone materials integrated base in the country." Xie Yuning expressed that Zhangjiagang has a complete industrial system, outstanding cluster advantages, and an excellent innovation ecosystem. The company will use the highest standards and fastest pace to push forward the project construction and operation, ensuring early production and industrial value release. Jilin Zhongyan Polymer Materials Co., Ltd. was founded in 2006 and headquartered in Changchun. It is the third company globally and the first in China to achieve an annual PEEK capacity exceeding 1,000 tons. The company successfully listed on the STAR Market in 2023 and focuses on full-process localization R&D and production of PEEK, with products widely used in new energy vehicles, healthcare, electronic information, and aerospace. According to incomplete statistics, the total investment in PEEK projects currently under construction and planned in China has exceeded 6 billion yuan. Around 2027, the market will see a concentrated release of new production capacity. Multiple new projects are no longer limited to PEEK resin production, but extend to upstream key raw materials and downstream processing.