First long-term terminal order! BASF's Bason polyethylene partners with Jiangmen Hualong

Direct supply from Zhanjiang Base, stable guarantee to PE functional film raw material supply

According to the agreement, BASF will rely on the production capacity of its Zhanjiang integrated base to continuously supply Easiplas series polyethylene raw materials to Jiangmen Hualong, supporting the stable production and new product research of its PE functional film business. This signing also makes Jiangmen Hualong the first end-user strategic partner of BASF's polyethylene business in China to sign a prolonged supply agreement, further consolidating the prolonged cooperation between the two parties.

BASF's Zhanjiang integrated base is an crucial domestic production platform to high-end polyolefins. Leveraging the supply chain advantages of the integrated base, Easiplas polyethylene can provide downstream film customers with stable and consistent raw material options that meet the performance standards of high-end packaging and functional films.

Specialized, refined, and innovative companies join forces to connect the upstream and downstream collaboration chain

Jiangmen Hualong is a high-tech enterprise in China focusing on the R&D and production of PE functional films, and is also a national-level specialized, refined, and innovative "little giant" enterprise. It has mature technical accumulation and industrialization capabilities in the fields of high-end functional films such as single-material MDOPE films, cold-stretch films, and special protective films, and its items are broadly applied in the environmentally friendly packaging sector.

Relying on this prolonged supply agreement, the cooperation between the two parties will extend from raw material supply guarantee to a broader dimension, with in-depth collaboration in areas such as customized research of polyethylene materials, environmentally friendly and low-carbon solutions, and process methodology innovation, thus connecting the manufacturing chain collaboration channel of "polyolefin raw materials - high-end functional films". The two parties will integrate their respective technical and production capacity advantages, focus on recyclable packaging materials, and jointly promote the packaging film sector to upgrade towards high-condition and sustainable research.

sector Significance: prolonged order model helps stabilize downstream operations of polyolefins

Against the backdrop of raw material price fluctuations and the growing demand of downstream film companies to supply chain stability, the landing of this end-user prolonged order is also an crucial exploration of BASF's Easiplas business model. By locking in supply through prolonged agreements, it can help downstream film companies mitigate the risk of raw material price fluctuations and stabilize production scheduling plans; meanwhile, it facilitates the upstream production side to match downstream demand, optimize production scheduling and delivery rhythm, and provide a model to the prolonged stable cooperation between the polyolefin and downstream packaging material manufacturing chains.