Yuntianhua (600096.SH) subsidiary plans to invest about 1,857 billion yuan to build a 100,000 tons/year high-end copolymer formaldehyde resin project

Zhitong Finance App News, Yuntianhua (600096.SH) announced that the company currently has a copolymer formaldehyde production capacity of 90,000 tons/year. After years of technology development and research, the company has market leading advantages in cost control and product quality, and has become the main choice for domestic polyformaldehyde import substitution. In order to further increase the market share of the company's polyformaldehyde products, expand competitive advantage, and promote import substitution in the high-end market, Tianju Xincai, a wholly-owned subsidiary of the company, plans to invest about 1,857 billion yuan to build a 100,000 tons/year high-end copolymer formaldehyde resin project in the Changshou District Economic and Technological Development Zone of Chongqing. The construction includes 100,000 tons/year high-end copolymer formaldehyde resin, 2 x 240,000 tons/year formaldehyde plant, and 100 tons/year catalyst device.

The project conforms to the national industrial policy, conforms to the company's development strategy plan, and can make full use of Tianju New Materials' existing resource advantages, market advantages, technical advantages and talent advantages, promote the transformation of the company's polyformaldehyde business from leading scale and quantity to leading product quality through technological upgrades, increase applications in middle and high-end emerging fields, steadily achieve large-scale import substitution, and further enhance the profitability of the company's polyformaldehyde products.