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Kingfa Technology: plans to produce up to 1 million tons of recycled plastic in 2030

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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A few days ago, Kingfa Technology released the report for the first quarter of 2021.
Benefiting from the increase in sales revenue of modified plastic products, the company achieved operating income of 9.
057 billion yuan in the first quarter, a year-on-year increase of 63.
60%; net profit attributable to shareholders of the listed company was 765 million yuan, a year-on-year increase of 438.
79%

According to the quarterly report, modified plastic products include original modified plastics and environmentally friendly high-performance recycled plastics.
In the first quarter of 2021, the sales volume of fully biodegradable plastics was 26,700 tons, and the sales volume of special engineering plastics was 4,400 tons

Kingfa Technology is a leader in modified materials.
At present, its main products include seven categories: modified plastics, fully biodegradable plastics, high-performance carbon fibers and composite materials, special engineering plastics, light and hydrogen energy, environmentally friendly high-performance recycled plastics, and medical and health care.
, the products are exported to more than 130 countries and regions around the world

In 2019, China produced 63 million tons of waste plastics, and the overall recycling rate was only 30%, far lower than the recycling levels in Europe and Japan

Under the sudden new crown epidemic, Kingfa Technology made a quick decision, made full use of its technical advantages in modification, extended its business in the direction of epidemic prevention consumables, and responded to the market ahead of time

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