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Recently, Jiangsu Zhixin New Material Co., Ltd., a prominent domestic enterprise specializing in high-end silicone materials, successfully completed a Series A+ funding round, raising tens of millions of yuan. This funding round was spearheaded by Fengyuan Capital, with additional investment from Guotai Junan Innovation Investment. The newly acquired funds will be allocated towards the construction of a second production facility, which is expected to boost production capacity by an additional 10,000 tons.
Established in 2020, Zhixin has rapidly ascended to become a national-level high-tech enterprise. Its product range spans four key sectors: semiconductors, electronics, automotive, and medical. The company has made significant strides in achieving import substitution, and as a result, has secured substantial orders from leading industry players.
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