PVTIME – On 17 August 2023, Changsha DIALINE New Material Sci.&Tech. Co. (DIALINE)(300700.SZ), a high-tech company with expertise in researching and developing, producing, selling and servicing electroplated diamond wire has announced its intention to issue shares to specific targets via a straightforward procedure to raise funds of no more than 150 million yuan. Following the deduction of the issuance cost, 52.078 million yuan of the funds raised will be allocated for a technological upgrade project for its diamond wire production lines. 60.891 million yuan will be allocated to its R&D centre, and 37.1012 million yuan will be used for additional working capital.
DIALINE stated in the announcement that the funds are expected to improve the performance of carbon steel wire and tungsten wire materials, upgrade diamond wire processing technology as well as enhance ancillary equipment. The company aims to improve the quality of its diamond wire while expanding its range of new products and materials for the renewable energy industry, which will not only increase profits for the company but also benefit its customers.
DIALINE is committed to becoming the world’s leading provider of hard and brittle materials processing consumables services. Specifically, it provides professional-grade tools and integrated solutions for cutting various hard and brittle materials including silicon, sapphire, integrated circuit chips, window systems, optical lenses, and magnetic and precision ceramics materials.
The diamond wire finds wide application in diverse fields, including photovoltaics, LEDs, semiconductors, precision optical components, and the national defence sector, among others. DIALINE has a customer base comprising over 100 renowned companies in the PV and sapphire industry, such as GCL, Longi, Jinglong, Biel, Lens, AUO, Monocrystal, Kyocera, and many more.
(300700.SZ), a high-tech company with expertise in researching and developing, producing, selling and servicing electroplated diamond wire has announced its intention…){kind=link}