SHHF Microfiber Technology Group, a Chinese manufacturer of microfiber substrate, microfiber synthetic leather and microfiber suede, announced recently that the total amount of funds raised from SHHF microfiber's non-public offering is expected to exceed 1.38 billion yuan for " Jiangsu Superfiber Project with an Annual Output of 50 Million Meters for Non-woven Fabrics for Industrial Use ". The project will be based on international leading companies in the same industry as the benchmark, using the island's ultra-fine fiber technology, and introducing advanced production equipment at home and abroad. After being put into production, the company will have a production capacity of more than 150 million meters per year of superfiber materials, which can further increase market share and meet the growing market demand for superfiber leather.
SHHF Microfiber stated that the new color microfiber material added in this fundraising project will be an important market growth highlight for the company in the next few years. This type of product will be widely used by high-end consumers for its rich colors, luxurious appearance and comfortable touch. Group love. With the improvement of domestic consumption level, various factories have become more and more urgent to improve the quality of automotive interiors. Colored suede microfiber materials are currently the most suitable materials for improving the quality of interiors, and the future demand is broad.
In recent years, the company has achieved breakthroughs in key performance indicators such as color fastness, stain fastness, light resistance, and wear resistance in terms of technology. It has gradually cooperated with major domestic and foreign automobile brand factories.
Industry researchers point out that, after domestic superfiber enterprises have undergone the period of industrial integration and adjustment in 2011-2013, most small-scale enterprises have gradually withdrawn from the market and the industry concentration has continued to increase. The current production capacity of SHHF microfiber exceeds 100 million meters. It is expected that after this expansion, its leading position will be further consolidated and the product variety will be rich again.