Gelonghui March 11 丨 Meirui New Materials (300848.SZ) was surveyed by a specific target on March 8, 2024, about “Why invest in a foamed TPU project in Fujian?” The company replied that the company's technology in the field of foamed TPU is relatively mature. The products are recognized by well-known domestic sports brands and continue to be supplied. At the same time, the company is also actively promoting product technology upgrades and marketing promotion. The business scope continues to expand, and sales are growing rapidly. Currently, downstream customers of foamed TPU are mainly concentrated in the Fujian region. Building a factory in a customer gathering place can carry out joint R&D and production with downstream customers to meet their customized needs, reduce transportation time and transportation costs, and achieve rapid response, which is conducive to further enhancing the company's core competitiveness.
Furthermore, one of the core raw materials for the production of foamed TPU is HDI, the main product of the Henan project. Building new foamed TPU production capacity will further strengthen the linkage effect in the upstream and downstream industrial chains: the company's breakthrough in the industrialization of HDI products will effectively reduce the cost of foamed TPU and promote its rapid promotion; the development and promotion of foamed TPU will also play a leading role, which in turn will drive the growth of HDI demand.