Huafeng Chemical plans to develop new high-performance, low-carbon, digital ammonia fiber materials

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On January 30, Huafeng Chemical announced that the 16th meeting of the company’s ninth board of directors approved the proposal regarding the investment in a project to expand production capacity for high-performance, low-carbon, digitalized spandex materials, with an annual output of 200,000 tons. The company plans to invest in the chemical industry park of the Ryan Economic Development Zone to build an expansion project for the production of 200,000 tons per year of high-performance, low-carbon, digitalized spandex materials. The total investment is expected to be 3.6 billion yuan, with funds coming from bank loans and internal financing; the actual investment amount and construction period will depend on the conditions after the project is implemented. The project construction period is estimated to be 60 months, to be carried out in two phases: Phase 1 has an output of 100,000 tons per year, with a construction period of approximately 36 months ； Phase 2 has a capacity of 100,000 tons per year, with an estimated construction period of 24 months. Processes such as large-scale continuous polymerization and dry spinning will be employed, along with green and intelligent manufacturing production lines that make use of intelligent technologies, online monitoring, efficient energy conservation and emission reduction, as well as high-density multi-spindle high-speed spinning. The estimated annual sales volume is 4.741 billion yuan (including taxes), with a static payback period (after taxes) of 5.33 years (excluding the construction period). Huafeng Chemical stated that the purpose of building this project is, first and foremost, to continuously strengthen its competitive advantages in the industry, enhance its market influence and core competitiveness, solidify its position in the industry, increase its market share, reinforce and expand its scale advantages, boost its influence within the industry, promote an increase in industry concentration, and contribute to the healthy and orderly development of the spandex industry ； Second, optimize the product structure and increase the level of differentiation, particularly by raising the proportion of mid-to-high-end products, in order to enhance profitability ； Third, accelerate the upgrade of smart manufacturing by further increasing the levels of automation, digitalization, and intelligence; through the empowerment of digital technologies, improve quality and efficiency, and achieve a transition from \"traditional production\" to \"smart, digital-driven manufacturing\" ； Fourth, it is to achieve independent technology transformation in order to enhance competitive advantages. By adopting new technologies, equipment, and processes, production efficiency can be improved, energy consumption and production costs can be reduced, thereby boosting the company’s overall competitiveness and enabling it to move toward higher standards, digitalization, lower carbon emissions, and internationalization.