Wolei Nuclear Material Unit to Invest Up to RMB 800 Million in Zhejiang Production Base
Wolei Nuclear Material (002130) announced on 17 September that its wholly owned subsidiary Shanghai Electronics plans to invest no more than RMB 800 million to build a production base in the Dushangang Economic Development Zone in Zhejiang.
The production base will mainly engage in the research, development, production and sales of electronic materials products such as heat-shrinkable materials for automotive wiring harness and pipeline protection, and insulating sleeves.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Electronic Components, with intensity 50/100 and 70% confidence over a medium term horizon.
Electronic Components
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Medium term
Auto Parts
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.