Sichuan Meifeng plans to invest 406 million yuan in building the Shehong Polymer Materials Industrial Park

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On the evening of March 25, Sichuan Meifeng announced that, in order to advance the transformation and upgrading of its packaging materials business segment and foster the company’s high-quality development, it plans to invest in the construction of a polymer materials industrial park in Shehong City, Sichuan Province, through its wholly-owned subsidiary, Sichuan Meifeng Polymer Materials Technology Co., Ltd. The announcement states that the total planned investment for the project is 406 million yuan, accounting for 14.5% of the company’s most recent audited net assets. The land area allocated for the project is 198,800 square meters (approximately 298 mu), enabling an annual production capacity of 30,000 tons of polymer materials. This includes the construction of one production line for oxide-coated PE materials, with an annual production capacity of 5,000 tons ； Build 2 heavy-duty film (FFS film) production lines with an annual production capacity of 5,000 tons ； Two production lines for polypropylene cast functional films will be built, with an annual production capacity of 20,000 tons; at the same time, research and development, incubation centers, and related infrastructure will also be established. Sichuan Meifeng stated that this investment in the project is a concrete measure to implement the decision made by the company’s board of directors to integrate into local economic development and to actively explore new paths for high-quality growth. It helps to make full use of the company’s long-standing experience in production and operation within the packaging sector, facilitates the expansion of its core business and the extension of its industrial chain, seeks innovative breakthroughs in the polymer materials industry, and promotes the company’s high-quality development.