On May 15, Suzhou Xiangyuan New Materials Co., Ltd. updated the review progress of listing application. The company responded to the letter of implementation of the opinions of the regulatory agency, focusing on answering the digestion measures for the newly added production capacity of new chain extenders for fundraising projects.
Suzhou Xiangyuan New Materials is an innovative enterprise focusing on the R&D, production and sales of polyurethane chain extenders. Its main products include fine chemical products such as MOCA and other new polyurethane chain extenders.
The company's new chain extender includes a number of different products, mainly used in high performance, high value-added and emerging fields. Different products have great differences in application technology, application field and market environment. Among them, new chain extender products such as 740M have broad application prospects, but the current downstream application technology is still monopolized by a few international giants. The company uses its own funds to carry out research and development and construction of new chain extender products. On the one hand, it demonstrates the company's R&D and innovation capabilities, and enhances its competitiveness and popularity; on the other hand, the company participates in the production and supply of international leading companies. The foundation for future performance improvements has been laid. The DMD230 product is facing a completely different market environment from 740M and HQEE. It is used in the third-generation polyurea products and has wide applicability in special occasions such as heavy corrosion environments, wear resistance, and ultraviolet radiation. It has been used in infrastructure, marine, etc. It has been widely used in various fields such as military industry, energy, etc., and has been promoted and used on a large scale in the world, especially in China, with broad prospects.
This addition of polyaspartic acid ester (DMD230) production capacity is of great significance. First of all, although DMD230 is a new type of chain extender, compared with 740M, HQEE, etc., there are obvious differences in application technology, application fields and market environment. DMD230 is used in the third-generation polyurea products, and the anti-corrosion, waterproof, wear-resistant coatings and materials produced by polyurea have been widely used in various fields such as infrastructure, marine, military industry, energy, etc., with wider application fields and greater market demand. diverse. Secondly, the addition of DMD230 products as a fundraising project will further reduce business risks through horizontal diversification of products. This is the company's strategic decision based on the expansion experience of the existing chain extender product line, and it is also a necessary step to realize the strategy of "one generation of large-scale application, one generation of layout and promotion, and one generation of technical reserves". It is of great necessity.
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