Zhejiang Hailide New Material (002206.SZ) plans to implement industrial projects such as spinning oil agents and LCP resins.

Zhejiang Hailide New Material (002206.SZ) announced that the company plans to invest in establishing a wholly-owned subsidiary, Zhejiang Hailide New Material Chemical Co., Ltd. (registered capital of 200 million yuan), to acquire new land in the Haining Economic Development Zone (Jianshan) Chemical New Materials Park for the construction of industrial projects such as spinning oil agents and LCP resin. It is reported that the project plans to acquire 105 mu of new land in the Haining Economic Development Zone (Jianshan) Chemical New Materials Park, and plans to build office area, pilot plant area, public engineering area, and polymerization plant area, with pilot and production facilities to be constructed within the plant area. The construction period is three years. The project aims to achieve an annual production scale of 6,000 tons of liquid crystal polyesters (LCP) and 10,000 tons of synthetic oil agents (divided into two phases, 3,000 tons each), and gradually establish a production line for various products. The estimated total investment is approximately 527 million yuan. Through this investment, the company will formally enter the high-end materials application market, further expand high-quality customer channels, and effectively reduce the domestic industry's dependence on imported materials.