On December 15, HBXY Advanced Materials Technology Group successfully IPO.
HBXY is a well-known polyolefin foam material manufacturer in China. The company has advanced production equipment and production technology. It is one of the few companies in China that can independently produce 0.06mm ultra-thin polyethylene foam material IXPE; One of the few companies in China that has achieved mass production of electronically irradiated cross-linked polypropylene foam material (IXPP).
Deploy high-end foam materials in advance
The foam plastic manufacturing industry involves a wide range of applications, a large service industry span, and a strong industrial relevance. It is one of the industries that China focuses on supporting development.
With the continuous expansion of the downstream application fields of the foam plastic manufacturing industry, the future demand for lightweight, high-strength, and corrosion-resistant new foam materials in the fields of aerospace, high-speed rail, and new energy is expected to continue to increase. The production of foam materials puts forward higher and higher requirements.
Five years ago, HBXY deployed to enter the IXPP market, which is more technically difficult and is basically monopolized by foreign companies. After continuous research and development, HBXY successfully commercialized the product. In the future, it will continue to expand the important areas of this product and gradually increase its market share.
In terms of IXPE, HBXY continues to break through the IXPE limit, and has achieved mass production of IXPE materials with a thickness of 0.06mm, breaking the monopoly of IXPE materials with a thickness of less than 0.2mm by foreign companies; at the same time, HBXY has also innovated and developed a color 0.5mm blister Molding anti-static IXPE materials has become one of the few companies in China that can produce color and ultra-thin blister molding anti-static IXPE materials.
High-quality products capture the favor of customers
After nearly 10 years of irradiation production and irradiation technology accumulation, HBXY has mastered the core technology of the irradiation process. The core technology is transferred to the product side, so that the polyolefin foam material produced has the characteristics of thin thickness and strong waterproof performance in the electronic field, which is in line with the development trend of light, thin and waterproof of modern consumer electronic equipment; in the construction field, the terminal application of antibacterial and non-slip , Flame-retardant and environmental protection; It has the characteristics of heat-resistant, flame-retardant, lightweight, good molding performance, safety and environmental protection in automotive interiors.
This time HBXY intends to use IPO funds to further increase production capacity and enhance the production capacity of main products. The company plans to issue 17.97 million shares and plans to raise approximately 450 million yuan.
Of the above raised funds, 340 million yuan is planned to be used for the company's annual production of 110 million square meters of polyolefin foam material industrialization construction projects, and the remaining funds will be used for new material technology research and development center construction projects and supplementary working capital.
HBXY produces a wide variety of polyolefin foam materials, which can meet the needs of customers in different industries. With its advantages of stable quality and rich product types, its product applications are more extensive than other companies in the same industry, and it has captured many well-known domestic and foreign customers in its terminal applications. Favor, can meet the needs of customers in different industries. With the advantages of stable quality and rich product variety, the company's products have entered the supply system of HomeDepot and Lowe's; they are also widely used in oppo, vivo, Ford, Great Wall, Changan, Midea, Gree, Haier and other well-known domestic and foreign brand.