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Sidic to Invest 1.65 Billion Yuan in High-End BOPET Base Film Expansion
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On September 23, Jin10 reported that Sidike (Sidike) announced a planned investment of approximately 1.652 billion yuan (165,199.34 million yuan) to build an annual production capacity of 103,000 tons of high-end functional BOPET base film. The project will be implemented by its wholly-owned subsidiary, Jiangsu Xingyuantai New Material Technology Co., Ltd., located in Sihong, Jiangsu. Funding will come from the subsidiary's own funds and self-raised capital. The company's fifth board of directors' 22nd meeting on September 22, 2026, approved the investment proposal and authorized management to handle related approvals and agreements, subject to shareholder approval.
Source report
September 23 (Jin10 Data) — Stike has announced plans to invest in the construction of a new production expansion project for high-end functional BOPET base film, with an annual capacity of 103,000 tons.
The project will be implemented by the company's wholly-owned subsidiary, Jiangsu Xingyuantai New Material Technology Co., Ltd. Based on the company's investment plan, the total estimated investment for the project is approximately RMB 1,651.9934 million (the final total investment amount is subject to actual expenditure). The project will be funded through Xingyuantai's own funds and self-raised capital.
The construction site is located in Sihong, Jiangsu Province.
The company held the 22nd meeting of the Fifth Board of Directors on September 22, 2026, during which the board reviewed and approved the "Proposal on Investing in the Construction of the Annual 103,000-Ton High-End Functional BOPET Base Film Expansion Project." The board agreed to proceed with the investment project. To facilitate the smooth implementation of the project, the board has requested that the shareholders' meeting authorize the management to handle the relevant approval procedures, sign related agreements, and address other specific matters associated with the investment project.
Source
金十数据Regional
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Sidike plans 1.65 billion yuan investment for 103,000-ton high-end BOPET film expansion