Total investment exceeds 20 billion yuan! New和成 and Susco, two leading enterprises, are stepping up their investment in special engineering plastics.

Syensqo expands its presence in the Indian market, doubling high-end composite production capacity by 2028

On September 3, international materials giant Syensqo announced its Indian capacity expansion plan, it will build a new high-performance aromatic polymer composite production line at its Panoli site, which is scheduled to officially go into production in the first quarter of 2028. This production line is the first project of its modular composite center to be implemented. Upon completion, it will immediately double the existing composite production capacity of the site.

The new production line supports the composite production of multiple high-end special materials such as PPS, PEEK, PPA and PARA, and can flexibly adjust the production structure according to market demand, adapting flexibly to high-end manufacturing orders. Relying on the core advantages of high temperature resistance, corrosion resistance, high strength and light weight, Syensqo's materials are broadly applied in the high-end automobile manufacturing field.

With the thorough localization and upgrading of India's automobile sector, the demand to high-performance engineering plastics continues to rise. This investment not only strengthens Syensqo's regional supply and R&D capabilities in India, consolidates its supporting advantages in the global automobile manufacturer supply chain, however also further improves its regional business layout in the Asia-Pacific region and taps into the incremental market of high-end materials in multiple industries.

NHU launches a 10-billion-yuan project, comprehensively expanding special engineering plastics production capacity

While foreign capital is laying out the Asia-Pacific region, NHU, the domestic leading fine chemical enterprise, is making heavy efforts. On August 29, NHU's 10.5-billion-yuan special new materials project was officially signed and landed in Shangyu, Zhejiang. After completion, the project will greatly increase the domestic special engineering plastics production capacity, drive the upgrading of the regional new materials sector cluster, and empower the research of emerging industries such as low-altitude economy and embodied intelligence.

New materials business has have become the core development segment of NHU. Its items cover high-end categories such as PPS, PPA, IPDA and HDI, which are broadly applied in automobile, electronic and electrical appliances, manufacturing ecological preservation and other fields. In the first half of 2026, the company's revenue was 13.129 billion yuan, a year-on-year increase of 18.28%; among them, the revenue of new materials business was 1.166 billion yuan, a year-on-year increase of 12.31%, with steady development momentum.

In terms of capacity layout, NHU has built a complete special materials sector chain system.

PPS sector, the company currently has a production capacity of 22,000 tons, with a total approved production capacity of 30,000 tons, and the remaining 8,000 tons/year capacity project is advancing steadily. It is the only domestic enterprise that can stably create multi-grade PPS and achieve mass production of bio-based PPS.

Nylon materials sector, the 10-billion-yuan nylon integration project in Tianjin has basically completed the civil construction, and equipment is being installed one after another. The first phase will be put into production in 2027, with a planned annual output of 100,000 tons of adiponitrile, 100,000 tons of hexamethylenediamine and 140,000 tons of nylon 66. The second phase plans to have a nylon 66 production capacity of 400,000 tons; the long-chain special nylon project in Shandong base has completed the environmental impact assessment publicity, and has broken through the core methodology of nylon 12.

Special isocyanate sector, the 20,000-ton IPDI project of HA Phase II has started smoothly. The existing items such as HDI, IPDA and ADI have achieved mass production and entered the high-end market. Coupled with the 110,000-ton aliphatic isocyanate project approved this year, the production capacity of high-end fine materials continues to be released.

Emerging industries drive demand explosion, accelerating domestic substitution process

As a core high-end chemical material, special engineering plastics include greater than ten high-end categories such as PPS, PPA, PEEK and PI, and are key basic materials to electronic communication, new energy vehicles and precision manufacturing. while the unit price is relatively high and the overall consumption value accounts to only 1.8%, driven by tracks such as the AI sector, low-altitude economy, new energy vehicles and high-speed communication, the demand to high-end special materials continues to be booming.

According to institutional data, the annual composite development rate of China's special engineering plastics market will reach 7.2% from 2023 to 2028, it is estimated that the consumption volume will surpass 246,000 tons in 2028. At present, domestic leading companies continue to break the overseas technical monopoly by virtue of technological breakthroughs and extensive capacity expansion, and the import substitution in the medium and high-end fields of special engineering plastics is accelerating in an all-round way, and the sector is ushering in prolonged development dividends.