Blonde Tech Builds the World's Largest Automotive Plastics Enterprise

Blonde Technology (600143) announced that the company has become one of the top five global suppliers for the Nissan system through Dongfeng Nissan’s evaluation of its bumper materials. At this point, Golden Tech Automotive Plastics has comprehensively covered all major OEMs and related parts and components manufacturers in Europe, America, Japan and South Korea and China's own brands.

Blond Technology started with home-made flame-retardant plastics, and currently has a market share of more than 50%, with an annual output of 100,000 tons of flame-retardant plastic. Since the company entered the field of automotive materials in 2002, after ten years of development, the company has now achieved a comprehensive layout from the traditional vehicle exterior products to vehicle interior components. According to statistics, in 2011, the proportion of domestic market share of the company reached 10%, becoming the largest automotive plastics manufacturer in China. At the same time, annual sales of automotive plastics accounted for more than 25% of the company's total sales.

Since 2007, the company has implemented the "advanced production of 100,000 tons per year polypropylene automotive technology transformation project" through the issuance project. The annual growth rate of automobile plastic production and sales has exceeded 70%, and the current annual production capacity is nearly 200,000 tons.

Yuan Zhimin, Chairman of Golden Technology, stated that in order to build the world's largest automotive plastics company, the company launched the second issuance program, and raised funds to implement the "800,000 tons of annual production of environmentally-friendly high-performance automotive plastics production and construction projects," in Kunshan, Jiangsu, Tianjin Binhai New Area, Guangzhou City, Guangdong Province and Mianyang City, Sichuan Province have established four major plastics production bases for automobiles, thus completing the nationwide layout of automotive plastic manufacturing bases and forming supporting capabilities with shorter radiation radius and faster response. “After the project is completed, the annual production capacity of Jinxi Technology Automotive Plastics will exceed 1 million tons, becoming the world’s largest automotive high-performance modified plastics production enterprise. It is expected that only one vehicle plastic will be used in the future, and the golden technology year can increase sales revenue by 15.19 billion yuan. Yuan, added profit after tax of 1.1 billion yuan."