Yantai Spandex Startup Rate Rises Rapidly&Nbsp; Still Unable To Meet Market Demand

Sun Maojian, chairman of Yantai Spandex, said recently that since this year, affected by the global economic recovery, the company's spandex and aramid businesses have shown a good trend, and the company's performance will have a significant growth this year. At present, it is preparing to enter the military product application field.

"At present, the number of orders for aramid fibers from abroad has increased significantly, and the startup rate of the company's aramid fibers has also risen rapidly, and the production and sales volume have increased significantly compared with the same period last year." Sun Maojian said that since this year, the company's export business has grown rapidly, especially the aramid fibers for clothing represented by aramid yarn are particularly popular in foreign markets.

It is reported that all the aramid production lines of Yantai spandex are operating at full load, which still cannot meet the market demand. At present, the company is carrying out technical transformation on the original production line. It is expected that in October this year, the total production capacity of the company's intermediate aramid fiber will expand from the current 4600 tons/year to 5000 tons/year. In addition, the company also plans to build a meta aramid filament production line.

The para aramid products that best represent the company's technical level will also be launched on the market in a large scale next year. Yantai spandex is the only domestic enterprise that can produce para aramid at present. The 1000 ton per year para aramid industrialization project is in full swing. At present, the civil works have been completed, and equipment installation will start in July. It is planned to put into production in the second quarter of next year. Due to the huge market demand, the company expects that the price of aramid products will continue to rise.

In terms of spandex, in the first quarter of this year, the production and sales of the company showed a boom situation, with a 100% startup rate. Product prices also rose rapidly around the Spring Festival, and the company's spandex gross margin increased significantly compared with the previous year.

Although the spandex market is about to enter the seasonal off-season, Sun Maojian believes that "no matter how the global economy changes in the future, clothing consumption cannot be reduced, which determines that the spandex industry will never decline."

At present, part of the production line of Yantai's 5000t medical spandex differential product project has been put into production, and is expected to be fully put into production in October; The 7000 ton comfort spandex project has entered the preliminary preparation stage. It is estimated that after the completion of the project, the sales revenue will reach 374.5 million yuan and the total profit will reach 83.22 million yuan in the normal year.

At the shareholders' meeting, the minority shareholders had high hopes for the development of the company. The company's management thanked the shareholders for their support and said that they would do their best to operate the company.