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REDAVENUE NEWS | 2022-03-01

‘Health care, by your side’. Red Avenue New Materials Group Co. Ltd recently organized 3 staff training sessions, delivering first-aid knowledge to employees and building their self-rescue and mutual aid ability. Trainings covered information on cardiop

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The signing ceremony of the strategic cooperation agreement between China Petroleum and Chemical Industry Federation (CPCIF) and Red Avenue New Materials Group Co. Ltd was held in Beijing on August 26, 2021.  Both organizations, as well as the cooperation, are committed to development and future prosperity of chemical industry, aiming to stimulate the innovation enthusiasm of scientific researchers, to encourage young students to learn technology skills, to enhance their competitiveness, and to attract them devoted to chemical industry. 

 

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Below leaders attended the ceremony and witnessed contract signing: Li Shousheng, Secretary of the Party Committee and President of CPCIF; Hu Qianlin, Standing Committee Member and Deputy Secretary of the party committee of CPCIF; Zhou Jianhui, CEO of Red Avenue New Materials Group Co. Ltd.; Zhang Xudong, General Manager of Red Avenue Electronic Materials Co. Ltd.; Chen Xin, Chief Scientist of Red Avenue & Chairman of Kempur Microelectronics Inc.. The ceremony was hosted by Pang Guanglian, Standing Committee member and deputy secretary-general of the CPCIF, who said "the strategic cooperation has been highly valued by President Li Shousheng from CPCIF and has gained strong support from Red Avenue New Materials group, and today’s achievement results from positive efforts and constructive discussions from both parties.”

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The cooperation aims to promote sustainable development, reserve of talents, and innovation for China's petroleum and chemical industry. "China petrochemical industry is facing a crucial period to step into a powerful country, while the key lies in innovative technology and high-quality innovative talents" said Hu Qianlin, the deputy secretary-general and standing committee member of the CPCIF.  Hence, CPCIF will work together with Red Avenue to carry out a series of public events to promote industry development and talents cultivation, including R&D Fund for Youth focusing on independent innovation and young scientific leaders training, and Innovation Awards for PhDs designed for young Chinese PhDs for their outstanding contribution to sustainable development of the chemical industry and research on resource-saving and environment-friendly chemical processes and technologies in China.


Zhou Jianhui, CEO of Red Avenue, expressed his congratulations and expectations for the strategic cooperation achieved between the two parties in his speech. He reviewed RA’s footprints during the past 20 years,set forth RA’s strategic transformation at present, and looked forward to close cooperation with CPCIF, which will promote talent training and innovative development in the industry, support and reward groups and individuals who have made outstanding contributions to scientific and technological progress of petroleum and chemical industry throughout the country, to promote science and education to rejuvenate the country, and to make social contribution to talent reserve and sustainable development of chemical industry.

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Red Avenue, as a member of the integrated circuit industry, has completed its strategic deployment in Electronic Chemicals market and also established Shanghai Red Avenue Electronic Materials Co., Ltd.  Zhang Xudong, GM of Red Avenue Electronics, said: " Red Avenue has invested in the construction of projects with an annual output of 11,000 tons of semiconductors, flat panel display photoresist, and 20,000 tons of related supporting reagents in Shanghai Chemical Industry Zone, and plans to invest via Red Avenue Electronics nearly 700 million RMB to build the ArF high-end photoresist R&D platform construction project in Shanghai Chemical Industrial Zone."

Beijing Kempur Microelectronics Materials inc., as the venue of the signing ceremony and as one of core holding subsidiaries of Red Avenue Electronics, has realized production in bulk on both G/I line and KrF photoresist products.  Ms. Chen Xin confirmed that Kempur has provided 10 photoresist products for major domestic 12-inch memory and logic circuit fabs during the first half year.  In addition, representatives from both parties conducted deep discussion on how to develop electronic chemicals in a better way and cultivate talent strategies in the future.

Li Shousheng, Secretary of the Party Committee and President of CPCIF, made a conclusion speech. He said that the petroleum and chemical industry is a pillar industry of the national economy. The "14th Five-Year" is a historical period to realize the "two centenary" goals and to "transform from a big country to a strong country" in terms of petroleum and chemical industry.  The industry is facing severe challenges to fulfil the tasks of industrial restructuring, green development, digital transformation, and competitiveness enhancement.  It requires joint efforts from the whole industry, especially major enterprises, while the key is advanced technologies which requires from innovation and talents.  Li Shousheng said "That is why I was so touched when learning that Red Avenue and the Federation would like to set up R&D Fund for Youth and the Innovation Awards for PhDs. It elaborates Red Avenue’s passion and social obligation, together with its endeavors on business markets. I would like to extend my gratitude here, on behalf of the China Petroleum and Chemical Industry Federation".

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About Red Avenue
Established in 1999, Red Avenue is one of the world's important chemical supplies and service providers for tire rubber