By Kate Yuan

(JW Insights) Jun 16 -- China’s Sieg Technology (熹贾精密) has completed Pre-A round financing to produce FFKM&PI products and ramp up the production capacity of auto sealing components, JW Insights learned.

No exact amount of raised funds is revealed and referred to in tens of millions of RMB. Yinxinggu Capital is the lead investor with participation of Montage Capital, Sharewin Capital, and other investors.

Ye Yin, founder of Sieg, previously served as the semiconductor marketing manager at DuPont China Group. He said that Sieg's goal is to provide high-performance components for the semiconductor, chemical, nuclear power, and automobile industries. Its revenue is expected to exceed RMB100 million ($14 million) this year, with a 50% increase in orders compared to last year.

Established in May 2011, Shanghai-based Sieg Technology focuses on polymer elastomers and high-functional plastic components. Its main products are widely used in the semiconductor, automotive, and industrial fields.

Among its automotive clients are Chinaust and UAES. Its semiconductor clients include CXMT, Silan, and SMIC.