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Recently, the 56,100 tons/year high-performance composite material project of Nantong Zhonglan Plastic Co.
, Ltd.
, a subsidiary of Sinochem, started construction, which is another major event in the development process of Nantong Xingchen, and also marks another solid step
in the field of new materials for Sinochem Chemical Division.
Nantong Zhonglan is a well-known supplier of modified engineering plastics in the industry, a wholly-owned subsidiary of Nantong Xingchen Synthetic Materials Co.
, Ltd.
, and the 56,100-ton high-performance composite material project is a key investment project in the company's "14th Five-Year Plan" strategic plan, with a total investment of 518 million yuan, and was approved by Sinochem preliminary design in May 2022
.
The project will build a number of high-performance composite production lines, covering polybutylene terephthalate (PBT), polyphenylene ether (PPE) and polyethylene terephthalate (PET), polyphenylene sulfide resin (PPS) and other engineering plastics products, mainly supplied to the four major markets of automobiles, home appliances, new energy and new infrastructure, which can meet most of the product specifications required
by the market.
After the project is completed and put into operation, it will further extend the industrial chain of Nantong Xingchen engineering plastics, enhance market competitive advantage, and provide first-class products and services
for high-end customers in various downstream applications.