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China Lumena to expand PPS capacity to meet market demand

05 Sep '12

6 min read

Last year, the Group started the construction of a PPS resin production line with production capacity of 25,000 tpa and a PPS fibre production line with production capacity of 15,000 tpa. The Group anticipates that these production lines will start operation in the beginning of next year and the Group's PPS resin and PPS fibre production capacity will increase to 55,000 tpa (currently 30,000 tpa) and 20,000 tpa (currently 5,000 tpa) respectively, thereby meeting the continuously growing demand for PPS from China and the rest of the world.

Also, the Group is committed to the development of new PPS products and their new applications. During the period, the Group entered into a framework agreement with Dutch Royal DSM to conduct various forms of cooperation in the development of new products, hoping to make breakthroughs in the research and development of PPS products. The Group believes that the joint cooperation and development plan will further boost the Group's market share in PPS products, thereby helping with the globalization drive of the Group. In addition, the progress of R&D in PPS superfine fibre production technology, and in the technology of applying PPS materials in paper manufacturing facilities as well as the promotion of the technology behind the application of PPS materials in bridge attachments have all proceeded smoothly.

Mr. Zhang Zhigang, Executive Director and Chairman of Lumena New Materials, said, “Looking forward, national policies have made ample opportunities for the new materials industry to grow. In future, the Group will focus on PPS and medical thenardite, and the development trend shows that new materials business can keep bringing lucrative returns to the Group. We will expand its PPS capacity so as to meet market demands. Meanwhile, the Group will continuously expand product application scopes in order to create new demands and achieve higher profitability. In the second half of the year, we will continue to utilize our existing competitive advantages and explore new development opportunities, so as to bring reasonable returns to our shareholders.”

As a leading new materials and chemical enterprise in China, Lumena New Materials is the world's largest PPS resin producer and one of the world's leading thenardite producers. PPS is a special engineering thermoplastic widely used in electrical and electronic, automotive, rail transportation, environmental protection and emissions reduction, aeronautics and astronautics, and coatings applications, etc.

China Lumena New Materials Corp