On January 8, 2020, EMT announced that won the bid of Shandong SNTON Optical Material Technology Co., Ltd. (hereinafter referred to as "SNTON") to restructure the investor recruitment project, with the bid winning amount of CNY556 million.
SNTON was established in 2011. Its main business scope is BOPET optical film production and sales, scientific and technological research and development, technology promotion services,
EMT said that at present, the special polyester film project with an annual output of 15000 tons invested by the company with own funds is in the commissioning stage; The optical polyester-based film project for OLED display technology with an annual output of 20,000 tons, which is invested with own funds, will be commissioned in 2021.
EMT stressed that if the company can successfully acquire SNTON, the company will have five optical polyester base film production lines in the future, which can greatly shorten the expansion period of the company in the optical polyester base film field and reduce the market uncertainty risks faced by the future investment in new lines. In addition, in view of the high degree of correspondance between the company and SNTON in the field of optical base films, the acquisition of SNTON can quickly integrate market advantage resources, form brand and technical complementary advantages with SNTON, and quickly occupy the dominant position in the optical base film market.