Woer Heat-Shrinkable Material has declared that its majority-owned subsidiary, Shanghai Kete, has officially discontinued the former Suzhou project. Instead, it plans to redirect its investment, not exceeding 1.2 billion yuan, towards the establishment of a cutting-edge production base in the Dushangang Economic Development Zone, Zhejiang Province. This state-of-the-art facility will be dedicated to the research, development, manufacturing, and distribution of electronic materials, encompassing new energy protective products and various electronic components.
