On August 7, Huafeng Microfiber (300180.SZ) issued an announcement saying that the company will build a new non-woven fabric superfiber material project for industrial use with an annual output of 50 million meters, which will be implemented by the company's subsidiary Jiangsu Huafeng Microfiber.
The announcement shows that the total planned investment of the project is RMB 174,414,457. The initial plan is to start in August 2018. The equipment commissioning and commissioning will be completed in November 2019. The project acceptance and production will be completed in December 2019. The project implementation location is set in Jiangsu Province. Qidong Lusi Marine Economic Development Zone adopts a one-time planning and phased implementation. After all is completed and put into production, it is expected to achieve an annual average sales income of 2.04686874 million yuan and an annual average total profit of 300,800,400 yuan. The implementation of the project will help the subsequent formation of industrial agglomeration and complementary advantages in the Huafeng New Material Industrial Park, and further accelerate the integration process of the industrial park.
Huafeng Superfiber said that with the continuous expansion of domestic superfiber material production capacity, the market's competition is becoming more and more fierce. The company will focus its production and research and development on the functionalization and differentiation of superfiber materials. The research and development of Dingdao microfiber material products are superior to the existing non-dingdao microfiber material products in terms of color development, color fastness, velvet feel, and appearance. They are used in high-end automotive, aircraft interior, clothing, and military products. The field has extensive application prospects and development potential. To this end, the company plans to build a new production base for the production and research and development of Dingdao microfiber material products, and at the same time industrialize the company's existing research and development results.