Longhua New Material: Plans to adjust the structure of nylon products for the 40,000-ton annual production facility

Longhua New Material disclosed the progress of its wholly-owned subsidiary's Nylon 66 Phase I project on March 31: Currently, the 40,000 tons/year production facility of Longhua Advanced Materials' Nylon 66 Phase I project has been completed and has entered the debugging and trial production stage. In light of market conditions, the company plans to adjust the product structure of the 40,000 tons/year production facility, changing the original 40,000 tons/year PA66 product structure to PA66, long-chain nylon, transparent nylon, and high-temperature nylon, while the total production capacity of 40,000 tons/year remains unchanged. Recently, Longhua Advanced Materials completed the preparation of the environmental impact analysis report for non-significant changes regarding the product structure adjustment of the aforementioned project and passed expert review. It is reported that the total investment for Longhua Advanced Materials' 108,000 tons/year PA66 project is approximately 7.3 billion yuan