FSPG plans to jointly invest with Hunan Petrochemical to construct a polyamide - nylon film project with a total planned investment of 3.469 billion yuan

According to the Zhitong Finance APP, FSPG (000973.SZ) announced that the company, focusing on the development positioning of new materials, aims to strengthen and expand its polymer functional film business, promote the nylon film business to extend upstream in the industrial chain, and enhance market competitiveness. The company plans to jointly establish a project company with Sinopec Hunan Petroleum and Chemical Co., Ltd. (referred to as Hunan Petrochemical) in Yueyang City, Hunan Province, to invest in and construct a polyamide-nylon film project.

The project company plans to have a registered capital of 960 million yuan, with the company contributing 576 million yuan for a 60% equity stake, and Hunan Petrochemical contributing 384 million yuan for a 40% equity stake. After the establishment of the project company, it will be a holding subsidiary of the company and included in the company's consolidated financial statements. The total planned investment for the project is 3.469 billion yuan (including value-added tax and operating working capital; the total investment excluding value-added tax and operating working capital is 2.792 billion yuan), which will construct production lines for polyamide chips and nylon films, primarily producing and operating polyamide chips and nylon film products.

The upstream and downstream industrial chain of this project mainly consists of "caprolactam—PA6 chips—BOPA film." By collaborating with Hunan Petrochemical to invest in and construct this project, the company will fully leverage the synergistic effects of the upstream and downstream industrial chains to achieve a strong alliance. The company will utilize its technical advantages in BOPA film and management experience, while Hunan Petrochemical will leverage its technical advantages in PA6 chips, management experience, and project construction experience. This project is located in the same industrial park as Hunan Petrochemical's caprolactam project, which will fully utilize the industrial agglomeration effects brought by the overall synergy of the caprolactam—PA6 chips—BOPA film industrial chain, including advantages in raw material supply, operational efficiency, and costs, to jointly create an integrated project with technical advantages, cost advantages, scale effects, and good industrial synergy effects for the PA6 chips—BOPA film industry