Fluorine and Shenzhen Innovation Join Forces to Create World Class Fluorine Chemicals

On December 23, the signing ceremony of the strategic cooperation agreement between Duodu Chemical Co., Ltd. (abbreviated as Fluorol) and Shenzhen Innovation Investment Group Co., Ltd. (referred to as Shenzhen Innovation) in Jiaozuo City, Henan Province, was held in Jiaozuo. Shenzhen Innovation will invest. 80 million yuan has made Fluoride a world-class large-scale fluorine chemical industry company.
Shenzhen Innovation Co., Ltd. currently has more than 10 billion yuan in capital strength, and has successfully invested in and cultivated well-known companies such as Tongzhou Electronics, Netac Technologies, and Weichai Power. In the eight years since its establishment, the company has completed more than 100 investment and construction projects. Its industrial fields include chemical industry, bio-pharmaceuticals, energy environmental protection, and new materials. At present, 29 projects have entered 13 global capital markets.
Fluoride is an inorganic fluorine chemical company developed from a small private enterprise, with a total share capital of 70 million yuan and an asset of 400 million yuan. As a fluoride salt production, research and export base, its products are exported to more than 20 countries. After several years of innovation and development, the company has now become the leader in the domestic fluoride industry with leading technology and good economic benefits, and has established the first nationally recognized laboratory in China's inorganic fluoride industry. From January to November this year, the company’s sales revenue reached 664 million yuan and its tax profit was 118 million yuan, which doubled from the same period of last year. The prospect of good development has attracted the attention of many investment institutions.
It is reported that in addition to the capital operation, Shenzhen Innovation Investment Group Co., Ltd. will also provide full-service for resource companies, including resource integration, to the company, and strive to turn the company into a world-class company.

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