Recently, Huitian New Materials has achieved substantial progress in its 'Environmental Friendly Polyurethane Adhesive Innovation Capacity Building Project'.
The project was approved in April 2016 and approved by the government of Xiangyang High-tech Zone. It was commissioned by the end of 2017 and passed by a third-party environmental protection expert agency on March 7, 2018. The project has invested 38 million yuan, and will increase the annual output after formal operation. The capacity of 2,500 tons of polyurethane adhesive and sealant is expected to increase the company's annual revenue by more than 50 million yuan.
The development of enterprises needs to follow the development direction of national policies. With the increasing awareness of environmental protection in China and the increasingly perfect environmental protection regulations, the state has also raised higher and higher requirements for the efficiency of adhesives and bonding processes and the prevention and control of environmental pollution. The market performance of the performance 'green' environmental adhesives is getting higher and higher. According to the report, the weatherability of environmentally-friendly one-component polyurethane sealants developed by the company exceeds that of similar foreign products, and the products have achieved batch stability. Production, highly recognized by benchmarking customers, has occupied a major share of the market.
Last year, the entire chemical industry experienced the most severe environmental protection storm in history. The price of upstream raw materials rose sharply, and the operating performance of other companies in the industry declined. The business performance of Huitian New Materials conversely rose against the trend. With 'building a beautiful China' and 'ecology' Civilization is written into the constitution, and environmental protection measures will become more and more stringent in 2018. More and more stringent environmental protection conditions will make the industry's barriers to entry increase substantially, and leading companies in the subdivided areas will have competitive advantages. The wise will follow the trend and return to the new material. Through endogenous development, we will continue to increase our market share, which will continue to drive the domestic adhesive new material industry to gradually concentrate and integrate.