How have the development opportunities and operating situation of the plastics industry changed?

Plastic products are widely used, and the huge downstream industry provides strong support for the development of the plastic products industry.

China's plastic products industry is in a critical period of transition from a high-growth area to mature industry and towards mid-to-high end of the industry. It has shifted from high-speed growth to medium-speed steady growth. The plastic products industry has ushered in new development opportunities and operating situations.

(1) Customer service integration

With the increasingly intensified competition in the consumer market, companies in the fields of automobiles and home appliances continue to shorten their new product launch cycles to quickly seize market opportunities and strengthen their market position in the industry.

(2) High-end product application

With the continuous improvement of the comprehensive performance of modified plastics, its products continue to be applied in high-end fields.

(3) The environmental protection requirements for modified plastics are more stringent

With the increasing awareness of global environmental protection, consumers have higher and higher flame retardant requirements for plastic products, and halogen-free, low-smoke, and low-toxic environmentally friendly flame retardants have been increasingly required to be used.

Jiangsu Hongmei Color Masterbatch Co., Ltd. was established in 2003. The company is located in Changzhou National High-tech Development Zone. It is the earliest domestic enterprise engaged in the research and development, production, sales and service of plastic color masterbatches. After more than ten years of steady development, the company is currently one of the largest polyolefin masterbatch manufacturers in East China, and its business scale ranks among the top domestic counterparts. Securities abbreviation: Hongmei color mother, stock code: 871968.