Based on the current market demand, Jiangsu Cheeshine High-tech Materials Co., Ltd. plans to invest 100 million yuan (including environmental protection investment of 13.57 million yuan) to implement an annual output of 40,000 tons of functional resin and 10,000 tons of high-performance additives.

The project mainly includes new production lines of modified methyl styrene terpene resin, modified petroleum resin, tackifying resin and homogenizer, expanding the production line of tear resistant resin and anti slippery resin to increase production on the basis of existing production capacity, and dismantling the existing special modified tackifying resin production line equipment and expand the production capacity. Through process improvement and new production units and equipment, the production capacity of multifunctional crosslinker 988 (92%) production line was increased.

It is understood that the project will not be constructed in phases, and 20 employees will be added.

Jiangsu Cheeshine High-tech Materials Co., Ltd. was invested and established by Shanghai Cheeshine New Material Technology Co., Ltd. and was established in 2011.  It is located in Huai'an Industrial Park, covering an area of 56 mu. It is mainly engaged in the production, sales and technical services of rubber additives and plastic fine chemical additives.