From 16:00 pm on February 7th to 10:30 am on February 8th, 2023, Meirui New Materials received research from many institutions, and institutional investors visited Meirui Technology (Henan) Co., Ltd. project construction site, The main issues of communication are as follows:
Why did you choose to invest in construction projects in Henan?
The project site in Henan is located in Baoshan Economic and Technological Development Zone, Hebi City. The combination of isocyanate and local BDO and PTMEG will form a polyurethane raw material industrial cluster. In addition, the local coal chemical industry in Hebi can provide some raw materials for the project, which has a synergistic effect with the local industrial chain.
What is the current progress of the Henan project?
The first phase of the polyurethane new material industrial park project is being carried out in an orderly manner according to the construction plan. At present, the environmental impact report of the project has been approved by the Henan Provincial Department of Ecology and Environment, the energy saving report has been approved by the Henan Provincial Development and Reform Commission, the project safety condition review has been approved by the Henan Provincial Emergency Management Department, and the Hebi City Natural Resources and the "Construction Project Planning Permit" issued by the Planning Bureau, Procedures such as the "Construction Work Permit" issued by the Housing and Urban-Rural Development Bureau of Hebi City. Recently, construction has started according to the project design plan, and the construction period of the project is expected to be 18 months.
What impact will the Henan project have on the company after its completion?
The construction content of the first phase of the project is the integration of special isocyanate with an annual output of 120,000 tons and supporting public and auxiliary projects. Through the development of special isocyanate, on the one hand, the company can realize the self-supply of some core raw materials of special TPU, thereby reducing the production cost and benefiting the further development of special TPU products and market promotion to improve profitability; on the other hand, it extends the company's industrial chain and expands the company's business scope, which will bring new profit growth points to the company. If the project goes into production smoothly, it will have a good prospect in the follow-up market development and new field development.
When is the second phase of the Henan project expected to start?
After the first phase of the project is in stable operation, it will be carried out according to market conditions.
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