Chinese new material company Wuxi Hygood New Technology has raised over 300 million yuan ($43.8 million) in a strategic investment from investors, including Haiwang Capital, a domestic investment platform that manages over 10 billion yuan ($1.5 billion).
Hygood, founded in November 2008, focuses on the R&D, manufacturing, marketing and sales of aluminium nitride (AIN) – a technical ceramic material ideal for thermal management and electrical applications – as well as compatible components.