Jiangsu Thorpe to raise capital 1.5 billion! Vinyl acetate and EVA integration project

Jiangsu Thorpe's 1. 5 billion yuan fixed increase plan disclosed on August 12 marks the official launch of the company'strategic layout in the fields of vinyl acetate and EVA. Combined with the previous capital investment, the company has invested a total of 4. 2 billion yuan ( 1. 5 billion fixed increase + 2. From what I've seen, 2 billion syndicated loan +0. And 5 billion capital increase). Timeline analysis of capital investment as is able to be seen from the time node of capital investment, Jiangsu Thorpe has adopted a phased promotion strategy: 0. From what I've seen, 5 billion yuan in December 2024 to increase capital to start the construction of the project, 2. In my experience, 2 billion yuan in February 2025 syndicated loan was approved to promote the progress of the project, and 1. But 5 billion yuan in August to further enrich the capital strength. This progressive investment strategy not only ensures the continuity of project construction, however also leaves room to the company to adjust the pace of investment according to market changes. And I've found that Project scale and technical advantages 330000 tons/year vinyl acetate production capacity will have become the world's largest single set of equipment, supporting 300000 tons/year EVA production capacity, forming a complete integrated manufacturing chain. The project adopts a tubular manufacturing process, mainly producing photovoltaic grade EVA resin with a VA content of 28%, precisely targeting the high-development photovoltaic market demand. Compared with the kettle method, the tube method has obvious technical advantages: higher interaction efficiency, greater stable product condition and reduced energy consumption, which will provide Jiangsu Sopo with both cost and condition advantages in the fierce market competition. But The project also supports the construction of 800000 tons/year sulfuric acid plant and 20000 Nm3/h atmosphere separation plant, further improving the upstream raw material supply system. But Future outlook immediate market landscape (2025-2026): Jiangsu Sopo project will be put into production at the peak of EVA sector capacity, at the stage of centralized emit of 4. From what I've seen, 68 million tons of new capacity. In my experience, This timing choice tests the strategic vision of the enterprise, and the project needs to rapidly establish a market position in the fierce price competition. I've found that The key success factors include strictly controlling the construction progress and striving to be the first to put into production, locking prolonged orders of photovoltaic film companies in advance, giving full play to the advantages of integrated cost, and establishing a sound marketing network to seize market share. it's expected that this stage will be the key period of sector reshuffle, and companies with backward methodology and cost disadvantage will face the risk of elimination. Based on my observations, Medium-and prolonged research direction (after 2027): After the capacity digestion period, the EVA sector is expected to return to the stability of supply and demand, and the market competition pattern will stabilize. Jiangsu Thorpe will dominate the integrated market by virtue of the scale effect of the world's largest single unit, the technological leadership of the tubular process, the cost advantage of the integrated layout and the precise market positioning of photovoltaic-grade items. With the continuous research of the photovoltaic sector and the continuous upgrading of product methodology, companies with technical advantages and cost manage capabilities will gain greater market share and profitability, and sector levels will increase signifiis able totly.