December 31, 2024 – Hanwei Technology Announces Significant Progress in Eco-friendly Additive Production Project
Dongguan Hanwei Technology Co., Ltd., a company listed on the Beijing Stock Exchange, has recently announced major advancements in its fund-raising project titled “Eco-friendly Additive Production and Construction Project.” Reports indicate that all production equipment for the project has been fully installed and debugged, with successful online commissioning of the production line conducted from December 25 to 26, 2024. This milestone marks the project’s readiness for trial production.
Hanwei Technology states that upon the official launch of the project, the company will introduce a range of new additive products, including fatty acid esters. These products are set to find widespread application in the food, personal care, pharmaceutical, and plastics industries, among others, thereby generating new business growth opportunities. Furthermore, the addition of these new products is expected to enhance the synergistic effect within the company’s product portfolio, expand its operational scale, and inject fresh vitality into its sustained development.
According to AsiaMB’s industry insights, in addition to the new product launch, Hanwei Technology has also invested in a new R&D center, significantly bolstering the company’s research and production capabilities and enhancing its core competitiveness. The commissioning of the new R&D center will not only facilitate the optimization and upgrading of existing products but also drive the horizontal expansion of the product line, providing customers with a more comprehensive range of product services.
However, Hanwei Technology cautions investors that the project is currently in the trial production phase, and it will take some time before transitioning to large-scale production and achieving full capacity. During this period, the company may encounter challenges such as production line debugging and process adjustment. Additionally, the company needs to closely monitor and address potential risks, including changes in the market environment, intensifying competition, fluctuations in product sales prices, and raw material price volatility.