Gaomeng New Materials plans to invest 2 million yuan in new adhesive materials and other projects

On the evening of February 2023, 2, Beijing Gaomeng New Materials Co., Ltd. (5.SZ) announced that Nantong Gaomeng, a wholly-owned subsidiary of the company, plans to invest 300200 million yuan in the construction of a technical transformation project with an annual output of 2,50 tons of new adhesive materials and 12,45 tons of by-products of diethylene glycol.

According to the announcement, the specific construction content of this project covers a number of subdivided products, including an annual output of 32500,5000 tons of thermosetting polyester resin, 5000,45000 tons of amorphous polyester resin, 20000,3000 tons of reactive hot melt adhesive (PUR), 5000,2500 tons of composite polyurethane adhesive, 500,6000 tons of solvent-free adhesive, 4800,<> tons of waterborne PUD, <>,<> tons of waterborne UV resin, <>,<> tons of urethane acrylate UV resin, <> tons of epoxy acrylate UV resin, <>,<> tons of waterborne acrylic paint and <>,<> tons of diethylene glycol technical transformation project.

Gaomeng New Materials said that the construction site of the project is located at No. 22, Scenery Avenue, Rudong Coastal Economic Development Zone, Nantong City, Jiangsu Province, and is under construction in the existing factory area of Nantong Gaomeg. The project will make use of the reserved vacant site and integrate the capacity of each workshop in the existing factory area to carry out new construction and technological transformation, realize the expansion of the production capacity of existing composite polyurethane adhesives, water-based adhesives, solvent-free adhesives and other products, and add the production of new environmentally friendly products such as polyester resin. Through the new project, the public facilities of the entire plant are optimized and utilized, expanding production capacity, improving technology and process level, and expanding emerging development directions.

The construction period of the project is 1 year, the source of funds is self-financing, the project construction investment is 2 million yuan, the working capital is 5000 million yuan, and the static investment payback period (including the construction period) is about 5.4 years.

For the purpose of this investment, Gaomeng New Material said that it can further expand the emerging development direction, enrich and optimize the product structure, greatly increase the production and sales scale of adhesives and polyester resins, break through the bottleneck of production capacity that affects the rapid development of the company, enhance the market share of the company's products in the domestic market, and consolidate the company's leading edge in the domestic adhesive new material industry. The optimization and integration of the plant and production facilities in the factory, as well as the improvement of technology and process level, can greatly improve the safety, environmental protection, energy saving, intelligent manufacturing level of the company's production process, improve the efficiency and effectiveness of production and operation, and improve product quality and stability.

Gaomeng New Materials also said that the project construction is in line with the development trend of China's new material industry, timely meets the domestic and foreign market demand for high-end adhesives and other new materials, expands the company's development direction, and enhances development momentum and market share. In the long run, the development of new business, the release of new production capacity, and the application of new technologies and processes are conducive to further optimizing the product structure, enhancing development momentum, increasing product market share, and giving full play to the scale advantage effect to enhance the company's comprehensive competitiveness.