Prime Minister Meets! Lianlong Aims to Venture into Southeast Asia

During the "Shanghai Cooperation Organization Summit" in Tianjin, Malaysian Prime Minister Anwar met with Li Haiping, Chairman and President of Tianjin Lianlong New Materials Co., Ltd. It is reported that Chairman Li Haiping stated that the company plans to invest 820 million Malaysian Ringgit (approximately 1.387 billion yuan) in the first phase of a project to build an overseas base in Johor, located within the Iskandar Malaysia economic zone jointly built by Malaysia and Singapore.

Tianjin Lianlong New Materials Co., Ltd. is a national high-tech enterprise, a publicly listed company on the A-share market, and a global outstanding supplier of polymer material anti-aging additives and technologies. It has previously announced its entry into the polyimide field.

In April 2024, Lianhong and its partners jointly established Yixing Chuangju Electronics, which announced the acquisition of South Korea's IPI Company. Leveraging IPI Company's core technological advantages in the field of polyimide materials, they plan to invest 1.05 billion yuan to build a flexible display and flexible circuit board materials (TPI) project. This initiative aims to accelerate the breaking of the long-term foreign monopoly on "bottleneck" technologies in polyimide materials and achieve domestic substitution.

The TPI project-related products, including polyimide films and slurry materials, belong to the "bottleneck" import substitution category of electronic-grade PI materials. Korea IPI possesses mature production technology and mass production processes for polyimide (PI), which are globally leading. IPI's products have been validated by companies such as Samsung Electronics and Lianmao Electronics, and mass supply has already begun.

After the acquisition, Lianlong will also establish a production capacity and research center in Yixing, Jiangsu, forming a parallel research and production pattern with the existing research center in South Korea.

It is understood that Lianlong has rich experience in mergers and acquisitions: in 2017, it acquired Zhejiang Kerun to layout UV absorbers; in 2019, it acquired Hengshui Kaiya to supplement hindered amine light stabilizer products; and in 2022, it acquired Jinzhou Kangtai to expand its product line of lubricating oil additives. Each of these mergers and acquisitions has helped the company grow rapidly.