Huafeng Group and Sichuan Yongying New Materials Co., Ltd. signed a strategic cooperation agreement in Nanchong, Sichuan

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On January 6, 2025, Huafeng Group and Sichuan Yongying New Materials Co., Ltd. signed a strategic cooperation agreement in Nanchong, Sichuan. Chen Qing, Senior Procurement Director of Huafeng Group, and Sun Jiguang, General Manager of Sichuan Yongying, signed the contract on behalf of their respective parties. This signing aims to empower industrial upgrading through deep cooperation, jointly ushering in a new chapter of coordinated development for the industrial chains in the Sichuan-Chongqing region. This partnership is not only a strategic decision to leverage the complementary resources and strengths of both parties, but it will also inject strong momentum into the high-quality development of the BDO industry. During the discussion, the leaders of both sides had in-depth exchanges regarding the challenges faced by the industry at present. To address these challenges, it is not only necessary to strengthen cooperation between businesses from Zhejiang and Fujian, but also to take advantage of the natural geographical advantages to establish a cooperative model that brings mutual benefits to all parties involved. At the current stage, the BDO industry is under pressure due to the increase in new production capacity as well as market competition resulting from industry intensification. Meanwhile, Huafeng Group’s 120,000-ton PTMEG production project represents a key opportunity for the BDO industry in 2026. Sichuan Yongying accurately grasps market trends and, adhering to the corporate philosophy of \"sharing with partners,\" has reached an annual strategic partnership agreement with Huafeng Group. This not only ensures stability in production and operations but also strengthens the core competitiveness of its products in areas such as PTMEG, TPU, and PBAT through a strategy focused on key customers. In the future, building on this agreement, the two parties will deepen their cooperation in various areas such as technology research and development, market expansion, and resource integration, continuing to harness synergistic effects. This will set a benchmark for the high-quality development of industrial clusters in Sichuan and Chongqing, while also providing a replicable and scalable model for industry transformation and innovation.