According to Zhitong Finance App, Yueyang Xingchang (000819.SZ) announced that the company previously invested 1.2 billion yuan to build 300,000 tons/year high-end polyolefin production equipment and supporting facilities, and established a holding subsidiary, Huizhou Tuo New Materials Co., Ltd., to be responsible for the implementation of the project. Recently, the holding subsidiary Huizhou Tuo's 300,000 tons/year high-end polyolefin project officially entered trial operation and produced qualified products, marking the full completion and commissioning of the project.
The holding subsidiary Huizhou Zituo's 300,000 tons/year high-end polyolefin project has been fully completed and put into operation, which will greatly increase the company's high-end polyolefin production capacity and promote the strategic layout and implementation of the company's industrial system in the field of new materials. The completion and commissioning of the project will gradually promote the import substitution of high-end polyolefins and the upgrading of downstream industries, help the company develop the high-end polyolefin market, increase market share, and consolidate and enhance the company's leading position in the high-end polyolefin industry. The complete set of high-end polyolefin technologies used in the project, such as catalysts, polymerization, and product modification, is autonomous and controllable, and can provide comprehensive technical support to downstream customers. Customized production of products that meet downstream needs will drive the company to a more efficient production method, which is in line with the current trend of sustainable development.