On March 19th, Huitian New Materials released a production announcement stating that the company invested in a new twin-screw fully automatic production line at the Guanyu Road Base, High-tech Zone, Xiangyang City. It has completed equipment installation, commissioning and trial production, and has officially completed put into production.
The announcement pointed out that this production line has a mass production capacity of 30,000 tons/year of photovoltaic single-component silicone sealant, adopts an advanced process control system and introduces an information system, which can realize digital, automated, and continuous production operations. Stable performance and high production efficiency. After the new production line is completed and put into operation, the company's photovoltaic single-component silicone sealant production capacity can reach about 110,000 tons per year.
Technology-based, manufacturing-based
Today, emerging industries have become new pillars and new tracks leading future development. On March 1, Jin Zhuanglong, Minister of Industry and Information Technology, stated at the press conference of the State Council Information Office that emerging industries will be cultivated and expanded, and the construction layout of the National Manufacturing Innovation Center in emerging industries will be expanded.
Founded in 1977, Huitian New Materials, as a leading domestic adhesive company, provides more than 2,000 kinds of products to the market, providing comprehensive solutions for the industry's adhesive new materials, and plays a key role in manufacturing innovation. Adhesives are widely used downstream, including photovoltaics, automobiles, electronics, flexible packaging, aerospace and other fields, and play an important role in bonding, sealing, and anti-corrosion of key devices.
Three major businesses help the development of emerging industries
Huitian New Material's current main business products include organic silica gel, polyurethane glue, epoxy resin glue, acrylate glue, lithium battery negative electrode glue and other engineering adhesives and solar battery back film, etc. The application fields are photovoltaic new energy, lithium new energy, Automobiles, electronic appliances, construction machinery, green flexible packaging, aerospace, etc., keep pace with the three major business tracks of photovoltaics, new energy vehicles, and electronics.
In the photovoltaic segment, the company's products mainly include photovoltaic silica gel and solar cell back film. Among them, photovoltaic silicone is the industry leader, with a market share of about 45%. JA Solar, Trina, Risen, Jinko, Canadian Solar, etc. are the company's top customers; in addition, the company actively promotes Diversified backplane subdivision products expanded from KPC and TPC to CPC and transparent backplane, and the profitability of products was further improved. The company stated that the smooth launch of the photovoltaic silicone production line will also effectively alleviate the company's tight production capacity of photovoltaic products, which will help enhance the company's scale advantages, consolidate its industry position, and enhance market competitiveness and profitability.
In the field of new energy vehicles, the high-performance adhesives such as high thermal conductivity potting glue and thermal conductive gel developed by the company have successfully replaced foreign products; the developed lithium battery battery negative electrode glue is gradually breaking the gap of foreign products in the field of battery negative electrode glue. Monopoly has realized the core application of domestic rubber in the field of lithium batteries. At present, leading customers such as BYD are the key customers of the company's new energy vehicle business.
In terms of electronic glue business, Huitian New Materials has maintained a stable development trend. The CAGR of the company's large electronics business is 17.9% from 2012 to 2021. At present, the company has introduced Xiaomi, ZTE, Honor, VIVO and other companies in the fields of 5G communications and consumer electronics to provide stable supply; the business expansion of other key customers in the electronics field is also progressing smoothly. According to the 2022 H1 data, the company's consumer electronics, automotive electronics, photovoltaic inverters and other application fields have achieved remarkable results in market development, and sales revenue has achieved a growth rate of more than 100%.
Huitian New Materials has a wide range of products and a wide range of business coverage, and enjoys a high reputation in the engineering adhesive market. At present, in addition to adding new production lines, the company is also comprehensively improving its hard power by building new bases, improving new processes, and introducing new management systems.
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