Shuangxing New Material: a star of the plastic packaging film industry

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. (hereinafter referred to as Shuangxing New Materials) is a national high-tech enterprise integrating production and scientific research, packaging material processing and import and export trade, and is mainly engaged in various packaging films and laminated packaging materials, functional polymer new materials and other series of products.

After years of accumulation, Shuangxing New Materials has taken a leading position in the industry by virtue of its advantages in production scale, production technology, industrialization and brand building.

Large-scale production and product diversification

At present, Shuangxing New Materials has formed a relatively large plastic film production scale; the capacity of PET film has reached 128,000 tonnes/year, ranking second in China, and it also has the production capacity for a variety of functional films, with a diverse range of products. The advantage in production scale directly gives rise to the company's procurement advantage for bulk raw materials, which is reflected in two aspects: first, it has a certain bargaining power; second, it ensures the stability of the supply quality of bulk raw materials, which correspondingly improves the stability of the company's film product quality. Subsidiaries of Sinopec provide the company with high-quality, stable-performance polyester chip raw materials.

The film products produced by Shuangxing New Materials feature high strength, good stability, high transparency, good mechanical processing performance and easy high-speed printing, lamination and metallization. Since they were launched on the market, they have always enjoyed a good sales situation in which demand exceeds supply. After years of dedicated development, the company has formed relatively strong competitive advantages in production scale and product system in the fierce market environment. Leading technology and rapid industrialization.

As a national high-tech enterprise, Shuangxing New Materials attaches great importance to technological innovation and new product development, and its technology level has always been leading in the industry. The company's 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 high-tech products of Jiangsu Province, and Shuangxing brand plastic packaging materials are famous-brand products of Jiangsu Province.

Shuangxing New Materials has rich experience in raw material formulation and in the selection of production process parameters, and its products have always been in a leading position in the industry. The company cooperated with Nanjing University to establish the Jiangsu Provincial Functional Film Engineering Technology Research Center, further enhancing the company's technological R&D capability. In addition, in the process of implementing product R&D, from project initiation and implementation to large-scale production, the company's technical department has established a good communication and feedback mechanism with the production, quality management and marketing departments, so that the company's process technology and product performance are continuously optimized and improved, achieving an effective transformation from R&D results to commercialization. Producing high-quality products and strengthening brand advantages.

Shuangxing New Materials attaches importance to brand building and has always adhered to the business philosophy of "creating value for customers", using technological advantages to drive product advantages and product advantages to strengthen brand advantages. In order to meet customers' requirements for the performance of PET film products in producing downstream products, the company has established long-term interactive relations with downstream customers, provides timely feedback on customer needs, and develops corresponding products according to customer needs, enjoying extremely high satisfaction among downstream customers. After long-term accumulation, the company's products and the "SHUANGXING" brand have been widely recognized by customers and are well-known brands in the industry, and "Shuangxing brand plastic packaging materials" are famous-brand products of Jiangsu.

In this foray into the capital market, Shuangxing New Materials plans to issue 52 million ordinary shares, with total share capital of 208 million shares after the issuance. The raised funds are intended to be invested in the introduction of two new functional PET film production lines. After the successful implementation of the share offering project, the company's main business revenue and profit level will be greatly increased, which will also have a positive impact on the company's earnings per share and return on net assets. Shuangxing New Materials has injected new blood into the capital market and is bound to become a star of the packaging film industry.

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