Philihua has unveiled its ambitious plan to co-invest 100 million yuan alongside Wuhan Changyingtong Optoelectronic Technology Co., Ltd., and Hubei Changyi Gongying Venture Capital Fund Partnership Enterprise, aiming to establish Hubei Jutong Quartz New Materials Co., Ltd. This newly formed entity will embark on a collaborative journey to construct a state-of-the-art high-purity precision quartz material project, specifically tailored for optical fiber support. The project is anticipated to achieve an impressive annual production capacity of 70 tons, focusing primarily on manufacturing essential components such as liners and sleeves that are vital for optical fiber support systems. Within this strategic partnership, Philihua will inject 51 million yuan, thereby securing a 51% controlling stake in the venture.
