Mulinsen Semiconductor Package Production Project Launches
Jun 06, 2018

Recently, Mu Linsen (hereinafter referred to as "the company") issued an announcement and the company and the Jinggangshan Economic and Technological Development Zone Administrative Committee negotiated friendly agreements and signed the "Framework Cooperation Agreement for the fourth phase of Mulinsen High-tech Industrial Park".


In the morning, Mulinsen announced that the company’s 25th meeting of the 3rd Board of Directors held on June 4, 2018 passed the “Proposal on Signing the Cooperation Agreement for the Phase 4 Project of the Mulinsen High-Tech Industrial Park” and agreed The company and the Management Committee of Jinggangshan Economic and Technological Development Zone in Ji’an City of Jiangxi Province signed the “Phase 4 Project of Mulinsen High-tech Industrial Park”, and plans to invest a total of not more than RMB 5 billion in constructing semiconductor packaging production projects in the Jinggangshan Economic and Technological Development Zone. The cooperation agreement was submitted to the general meeting of shareholders for consideration and approval.


According to the announcement, the two sides signed a cooperation agreement on June 4, 2018 in Jinggangshan Economic and Technological Development Zone, Ji’an City, Jiangxi Province. The company has invested in the Jinggangshan Economic and Technological Development Zone. The current Phase I, II, and III projects have basically reached the schedule. The fourth phase of the semiconductor packaging production project is now underway: The project is mainly engaged in semiconductor packaging, research and development, production, and sales; The total investment in the project is 5 billion yuan (including equipment, land, and plant investment).


It is reported that in March of last year, the company and the Jinggangshan Economic Development Zone signed a cooperation framework agreement for the Mulinsen CCL production project. The project plans to invest a total of 3 billion yuan (including equipment, land, and plant investment), and is mainly engaged in the use of copper clad laminates for circuit boards. R&D, production and sales.


Mulinsen said that China's LED industry is growing at a high speed, initially forming a relatively complete R&D and industrial system, and the overall scale of the industry continues to grow. In order to seize the opportunity for development, the company signed a cooperation agreement with the Management Committee of the Jinggangshan Economic and Technological Development Zone to realize the diversification of the company’s products and complementary businesses, extend the industrial chain, and increase the profitability and profit of the company. This cooperation is in line with the company's industrial layout and development strategy. It can further enhance the company's continued competitiveness and play a major role in promoting the long-term stable development of the company.


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