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Longhua New Materials’ expansion project with an annual production capacity of 330,000 tons of polyether polyols has come online

2025-11-21View Original

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On November 20, Longhua New Materials (301149.SZ) announced that the expansion project for the production of 330,000 tons of polyether polyols per year, which the company had invested in building, has been fully completed, and qualified products are now being produced successfully. The total investment in this project is 150 million yuan. Its main products include highly active soft-foam polyether polyols and polyether polyols for CASE, which are used in industries such as automobiles, footwear and apparel, adhesives, and foam materials. Once the project is put into operation, the company’s total production capacity for polyether products will reach 1.29 million tons per year, further strengthening its market position in the domestic polyether sector. It is reported that Longhua New Materials released the \"Announcement by Shandong Longhua New Materials Co., Ltd. on the Approval of a Project\" on January 3, 2025. To enhance the company’s profitability, risk resistance, and overall competitiveness, it plans to carry out an expansion project on its existing factory site to produce 330,000 tons of polyether polyols per year.
Reply #22025-11-21
Overview of Longhua New Materials’ polyether expansion project: The project was approved for trial production on November 20, 2025, and qualified products were produced. 1 2 Construction period: It takes approximately 10 months from the registration in January 2025 to the start of operation. 1 Investment scale: The total investment is 150 million yuan, with the site located in the existing factory complex in Gaoqing County, Shandong Province. 1 3 Product positioning: Produce two high-end categories of products – highly active soft-foam polyether polyols and polyether polyols for CASE. 4 5 Longhua New Materials’ production capacity and market strategy: Production capacity has increased from 960,000 tons to 1.29 million tons, representing a growth rate of 34.4%. 1 4 Application areas: Automotive interiors (strong support, fast curing speed). Footwear and apparel manufacturing (excellent resilience). Adhesive/foam adhesive (high bonding stability). 6 7 Strategic significance: Once the project is operational, it is expected to increase the company’s share of the domestic polyether market to 28% (from 25% currently).
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