Fujian Supertech Advanced Material Co., Ltd. announced the signing of an investment cooperation agreement with the government of Huagang, a town in Feixi County, Hefei, whereby the firm will build a vacuum materials production plant in the town. The facility is scheduled to be built in two phases. A manufacturing facility for vacuum insulation materials, including vacuum insulated panels and cooler boxes, will be built in the first phase with an investment of more than ¥500 million (approx. USD 75 million), while a vacuum material manufacturing and industry chain support facility will be constructed in the second phase, with the amount needed for the investment to be determined separately after the completion and start-up of the first phase of the project. A spokesperson for Supertech said that the tie-up with the Huagang government will enable the company to expand its business in the home appliance market while strengthening its capabilities in providing services to customers and responding to their needs by attracting talented individuals in Hefei, the capital city of Anhui province that is home to numerous universities and colleges with abundant talent resources. Notably, Supertech's share price has experienced a rise since July 20, 2021 following the announcement of the agreement, resulting in a continued increase in trading volume. At market close on July 23, the company's share price stood at ¥46.7 (approx. USD 7), up 24.87% over the prior three days, with transactions totaling ¥213 million (approx. USD 31.9 million) in value. A vacuum insulated panel is a component that enables thermal insulation by maintaining a vacuum state within the panel for a long period of time. As there are no universal standards for such panels, and the panels cannot be altered once produced, they are tailored according to specifications decided beforehand, including size and shape, making it necessary for buyers to customize the panel according to the design of the end product. As a result, in order to better meet the diversified expectations of customers, it has become essential that Supertech improve the overall quality of services while optimizing each step across the entire service chain. Supertech has established relationships with a number of well-known Chinese home appliance producers, including Whirlpool, Haier, Midea and Meiling, all with production facilities in Hefei, in addition to collaborating with white goods suppliers that have received investments from abroad, among them Siemens, Samsung and LG, which have all built a presence in neighboring provinces and cities. Taking these various elements into consideration, the establishment of a vacuum material industry manufacturing center in Hefei helps consolidate the service chain, which is of great significance to enhancing the support services and increasing the speed at which the firm responds to customer needs. In addition to meeting customer needs quickly, Supertech, an upstream supplier in the industry chain, benefits greatly from the favorable policies put in place by both the municipal government of Hefei and the provincial government of Anhui to facilitate the development of the sector.