Hailide (002206.SZ) Plans Industrialization Project for Spinning Oils and LCP Resins

Stock News01-26

Zhejiang Hailide New Material Co., Ltd. (002206.SZ) has announced its intention to invest in establishing a wholly-owned subsidiary, Zhejiang Hailide Chemical Co., Ltd., with a registered capital of 200 million yuan. Through this subsidiary, the company plans to acquire new land in the Haining Economic Development Zone (Jianshan) Chemical New Materials Park to construct an industrialization project for spinning oils and LCP resins, among other products. The project is set to acquire 105 mu of new land within the park and involves plans to construct office areas, pilot plant zones, utility engineering areas, and polymerization production zones. The construction period is estimated to be three years. Upon completion, the project will achieve an annual production capacity of 6,000 tons of Liquid Crystal Polymer (LCP) (to be built in two phases, 3,000 tons each) and 10,000 tons of chemical fiber oils. The total investment is estimated to be approximately 527 million yuan. Through this investment, the company will officially enter the high-end materials application market, further expand its channels to premium customers, and effectively reduce the domestic industry chain's reliance on imported materials.

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