$DONGYUE GROUP (00189.HK)$ Credit Suisse reported that the c...

$DONGYUE GROUP(00189.HK)$ Credit Suisse reported that the company plans to upgrade its PVDF(polyvinylidene fluoride, one of the raw materials for fluorocarbon coating) capacity by 2,000 tons from the current 10,000 tons per year, which is expected to be completed in the second quarter of next year. By then, it will be able to supply 5,000 tons per year of lithium ion battery standard PVDF(currently 3,000 tons). To increase its domestic market share to about 35% from about 25% now.