- Business
- Shandong Longhua New Material Co., Ltd. Shandong Longhua New Material Co., Ltd. (301149.SZ) engages in the research, development, production and sales of high-performance, environmentally friendly new chemical materials, focusing on polyether polyols and PA66 resin industry chains. The company offers a comprehensive range of products including polymer polyols (POP), general-purpose soft foam polyether polyols, CASE polyether polyols, amine-terminated polyethers, fiber-grade PA66 resins, PA66 engineering plastic resins, long carbon chain nylon (bio-based), transparent nylon and high-temperature nylon; these products serve diverse applications such as furniture and home furnishings, shoe materials, automotive components including new energy vehicles, coatings, sealants, adhesives, sports surfacing, elastomers and textiles. Shandong Longhua New Material Co., Ltd. operates primarily from its headquarters at No. 289 Weigao Road, Gaoqing County Economic Development Zone, Zibo City, Shandong Province, China, with products exported to over 60 countries and regions including the United States, Germany and South Korea; it maintains a wholly-owned subsidiary, Shandong Longhua Polymer Material Co., Ltd., dedicated to PA66 resin development and production. Founded in 2011 as Shandong Longhua Chemical Technology Co., Ltd. and renamed in December 2015 following a shareholding system reform, the company listed on the Shenzhen Stock Exchange GEM board in November 2021 and employs approximately 590 people across its facilities with a plant size exceeding 300 acres. Recent developments include the successful one-time startup in August 2024 of its 310,000-ton/year polyether polyol upgrading and expansion project, elevating total polyether production capacity to one million tons annually and positioning it among China's top producers; the first phase of a 40,000-ton/year amine-terminated polyether project entered production, while the initial 40,000-ton/year phase of its PA66 resin project nears operation; additionally, in January 2025 the company announced a RMB 1.5 billion investment in a 330,000-ton/year polyether capacity expansion in Shanghai's Lingang Special Area, alongside participation in the September 2024 Middle East Polyurethane Exhibition in Dubai to expand international presence, with 2023 sales revenue surpassing CNY 5 billion.