"Because of belief, we choose" - Zhongwei Chemical Fiber successfully partners with Huafeng Group and Sinochem Capital Venture.

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2024-11-12

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This partnership between Huafeng Group and Sinochem Capital Venture aims to use equity cooperation as a bond, focusing on the nylon new materials sector, further promoting in-depth business collaboration, establishing closer partnerships, and continuously strengthening the synergistic development among the three parties.

On the morning of October 30, the signing ceremony for the introduction of strategic investors by Zhongwei Chemical Fiber was held at the Hebi Yingbin Garden. Hebi Municipal Party Secretary Ma Fuguo, Mayor Zhao Hongyu, city leaders Wang Yongqing, Wang Qiang, Liu Wenbiao, and heads of relevant municipal departments attended; Qi County Party Secretary Yang Jianqiang, County Mayor Hou Mingsen, leaders at the deputy county level and above, and heads of relevant county departments also attended.

Zheng Junlin, Vice President of the China Chemical Fiber Industry Association, attended the meeting and delivered a speech. Yu Changli, Vice President of Pingdingshan University, experts and professors from more than 10 universities including Donghua University, Jiangnan University, Zhongyuan University of Technology, and Henan University of Engineering, representatives from over 100 upstream and downstream enterprises including Beijing Bangwei, Henan Bangwei, Henan Tianhai, Henan Xunk, Junsheng (Shanghai), Shanghai Huitai, Zhejiang Jinglian, Autoliv (Shanghai), ZF Asia Pacific, Zhejiang Boshe, Yaman (Yancheng), Hebei Tieke Yichen, Hebei Yichen, Zhengzhou Polymer Association, Henan Yierfu, Zhengzhou Jingshang Huaxiang, and representatives from more than 10 financial institutions including Zhongyuan Bank, Agricultural Bank, Bank of China, Postal Savings Bank, Citic Bank, Guangfa Bank, Pudong Development Bank, Zhejiang Merchants Bank, Huaxia Bank, and Everbright Bank, as well as shareholder representatives from Nongkai Yuwei Fund, Hebi Investment Group, Qi County Urban Investment Group, and Shanghai Qiaojin Investment, along with nearly 300 company executives and employees, witnessed this milestone moment!

At the signing ceremony, Qi County Party Secretary Yang Jianqiang delivered a welcome speech, and Yao Yongjun, member of the county party committee and director of the county party committee office, made a presentation on investment promotion.

At the meeting, You Feihuang, Vice President of Huafeng Group, and Li Weikun, General Manager of Sinochem Green Fund, signed equity cooperation agreements with the company's chairman Chen Haitao; Wan Lei, Vice President of Xinxing Jihua Research Institute, signed a special fiber development cooperation agreement with the company's vice chairman Hu Bo; Zhu Jiangbo, member of the Qi County Party Committee and Minister of the United Front Work Department, signed a cooperation agreement for the annual production of 60,000 tons of nylon 66 industrial yarn project with the company's president Hu Hongbin.
Company Chairman Chen Haitao took the stage to speak and expressed a warm welcome and heartfelt thanks to the guests attending the ceremony on behalf of all employees of the company!
For eight years, because Zhongwei's customers believed in Zhongwei and chose to cooperate with Zhongwei, they provided Zhongwei with opportunities for trial and error and progress, allowing Zhongwei to have more confidence in producing nylon products that guide the industry; for eight years, because financial institutions believed in the Zhongwei team and were optimistic about Zhongwei's future, Zhongwei has always had financial strength to support its growth stage; for eight years, because of the technological support from universities and research institutions, Zhongwei's products have been continuously optimized and upgraded, giving Zhongwei's take-off the wings of technology.
For eight years, Hebi City and Qi County have provided Zhongwei with sunshine and rain, and at critical moments helped the company withstand the impact of Sino-U.S. trade frictions, endure three years of the pandemic, and overcome once-in-a-century floods, creating a 3,000-acre characteristic nylon town that integrates production, learning, research, and application from scratch.
This partnership with Huafeng Group and Sinochem Capital Venture will use equity cooperation as a bond, focusing on the field of nylon new materials, further promoting in-depth business collaboration, establishing closer partnerships, and continuously strengthening the collaborative development among the three parties.
In the future, the three parties will work together to create a safer, more stable, and more resilient supply chain, providing stronger supply guarantees for downstream customers, and are determined to contribute to the Chinese nylon new materials industry.
Before the signing ceremony, the attending guests visited and inspected places such as the Henan Special Nylon Town and the Henan Feitian Biotechnology Industrial Park.