<b>Huafon Chemical: plans to invest 850 million yuan to build Huafon New Material Application Joint Innovation Center</b>

Huafon Chemical (002064.SZ) announced that the company held the ninth meeting of the eighth board of directors on September 27, 2022, and reviewed and approved the "Proposal on Proposed Investment and Construction of Huafon New Material Application Joint Innovation Center" ",Agreed that Zhejiang Huafeng Juchuang Technology Co., Ltd. ("Juchuang Technology"), a wholly-owned subsidiary of the company, will invest 850 million yuan (including the purchase of land) in Binjiang Business District, Lucheng District, Wenzhou City to invest in the construction of Huafeng New material application joint innovation center project.

The project is located in Binjiang CBD, the core business district of Wenzhou. It is the main area for the development of Yongjiang in Wenzhou. It has regional advantages, transportation advantages, business environment advantages and industrial development-oriented advantages.

The company focuses on the strategic positioning of building a global leading enterprise in polyurethane products materials, and relies on Wenzhou's existing advantageous industrial base to build Huafon New Material Application Joint Innovation Center, focusing on creative design, material research and development, mold design and processing, equipment design and manufacturing, Collect raw materials, provide one-stop solutions, realize the transformation from suppliers to partners, enhance the collaborative innovation capabilities of the industrial chain, R&D and design capabilities, and value creation capabilities, and cultivate new momentum, create new advantages, and inject new impetus for the company.

With the continuous expansion and deepening of the application fields of polyurethane new materials in recent years, the production and sales of polyurethane products have achieved rapid growth in many fields such as construction, electronic equipment, new energy and environmental protection. The company's polyurethane stock solution is currently mainly used for shoe materials, as well as the manufacture of low-speed tires, sports equipment, memory pillows, furniture, etc. In the future, while maintaining the steady development of the sole stock solution, it will vigorously develop the product stock solution and continue to develop revenue growth points.

By promoting collaborative innovation and supporting docking between the upstream and downstream of the new polyurethane material industry chain, conducting demand-driven research on advanced basic new polyurethane materials, key strategic emerging new polyurethane materials and cutting-edge new polyurethane materials will help improve the company's future The research and development capabilities in the field of polyurethane new materials are conducive to the expansion of the company's new products, and may have a certain impact on the company's development in the future.

Investing in the construction of Huafon New Material Application Joint Innovation Center is in line with the company's future development plan. The company has been deeply involved in the polyurethane industry for 30 years. As a bridge between the upstream and downstream of the polyurethane industry chain, it has accumulated a lot of upstream and downstream channel resources and technical experience in the course of operation. The continuous expansion of the industrial chain of new polyurethane materials will create a new strategic fulcrum and change from chasing the market to guiding market demand. On the other hand, it will help the company improve its industrial structure, expand product categories, and further improve the company's ability to resist risks and sustainable development. ability.

Source of the article: Gelonghui