Shuangxing New Materials: 128,000 t/y PET Film Capacity and Planned 52 Million-Share Issue for New Lines

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. (Shuangxing New Materials) is a national high-tech enterprise. Its operations combine production and research, packaging material processing, and import/export trade. Its main lineup covers packaging films, flexible laminate packaging materials, functional polymer new materials, and related series.

Following years of development, Shuangxing New Materials has built strengths in production scale, manufacturing technology, industrialization, and brand development, which have helped it take a leading position in the industry.

Scale-driven production and a broad product portfolio

The company now operates a sizable plastic film manufacturing base. Its PET film capacity reaches 128,000 tonnes per year, the second largest in China, and it can also produce various functional films, giving it a diversified product mix. This scale supports procurement advantages for bulk raw materials in two ways: it provides a degree of bargaining power, and it helps secure stable supply quality, which in turn supports more consistent film quality. Sinopec subsidiaries supply the company with high-quality polyester chip raw materials with stable performance.

Shuangxing New Materials' films are known for high strength, good stability, high transparency, strong mechanical processing performance, and easy high-speed printing, lamination, and metallization. Since entering the market, these products have remained in a demand-exceeds-supply sales position. Through years of focused development, the company has established strong competitive advantages in production scale and product system amid fierce market competition. Leading technology and rapid industrialization

As a national high-tech enterprise, Shuangxing New Materials places strong emphasis on technical innovation and new product development, and its technology level has long been ahead in the industry. Its wide-width 7200mm PET shrink film, flat-stretched PVC wide-width printing film, high-barrier PVC twist film, and high-barrier vacuum metallized film are all Jiangsu Province high-tech products. Shuangxing brand plastic packaging materials are Jiangsu Province famous-brand products.

Shuangxing New Materials has extensive experience in raw material formulation and selection of production process parameters, helping its products remain at the industry forefront. The company partnered with Nanjing University to establish the Jiangsu Provincial Functional Film Engineering Technology Research Center, further strengthening its R&D capabilities. During product development, its technical department has built a strong communication and feedback loop with production, quality management, and marketing teams from project initiation and implementation through to large-scale output. This continuously improves process technology and product performance and enables effective conversion of R&D results into commercial products. Quality products reinforce brand strength

Shuangxing New Materials values brand building and follows the business philosophy of "creating value for customers." It uses technological strengths to drive product strengths, and product strengths to reinforce brand advantages. To meet downstream customers' performance requirements for PET film in their own production, the company maintains long-term interaction with downstream customers, responds promptly to their needs, and develops products accordingly, achieving high satisfaction among those customers. Over time, its products and the "SHUANGXING" brand have gained broad customer recognition and become well-known in the industry. Shuangxing brand plastic packaging materials are Jiangsu famous-brand products.

In its move into the capital market, Shuangxing New Materials plans to issue 52 million ordinary shares, bringing total share capital to 208 million shares after the issue. The proceeds are intended for the introduction of two new functional PET film production lines. If the share offering project is successfully implemented, the company's main business revenue and profit level will rise significantly, with a positive impact on earnings per share and return on net assets. With this new blood in the capital market, Shuangxing New Materials is set to become a star of the packaging film industry.

This article is reprinted from China Packaging Network (news.pack.cn). Original link: http://news.pack.cn/show-376380.html. Copyright belongs to the original author; this article is for industry exchange and learning only.