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Shuangxin Materials (001369.SZ): Plans to invest 996 million yuan to build an annual production of 16k tons of high-barrier resin project
Gelonghui April 2丨Shuangxin Materials (001369.SZ) announced that the 19th meeting of the sixth session of the board of directors deliberated and approved the “Proposal on Implementing the Construction of a 16k-Ton per Year High Barrier Resin Project.” It agreed that the company will invest RMB 996 million to implement and build the 16k-ton-per-year high barrier resin project.
High barrier resin is an extension of the company’s vinyl acetate to downstream industries. The implementation of the 16k-ton-per-year high barrier resin project is in line with the company’s industrial plan to extend, supplement, and strengthen its industrial chain. With the rapid development of the domestic economy, industries such as food, pharmaceuticals, cosmetics, and electronics are seeing surging demand for high-performance packaging materials, which has driven the market demand for high barrier resin to grow rapidly. If the company realizes the industrialization of high barrier resin, it will undoubtedly help create a new profit growth point for the company, effectively enhance its profitability, and has far-reaching strategic significance for the company’s high-quality development and maintaining its industry competitive advantages.