Latest Project Progress and Time Node Adjustment
according to the news released by China Chemical Engineering 14th Construction Co. , Ltd. on January 12, Zhuhai Hongchang's "80000 tons of electronic grade functional epoxy resin project" has successfully passed the joint completion acceptance of multiple departments and officially entered the trial production stage. Crazy, isn't it?. This marks a key measure in the commercial operation of the project after greater than two years of construction cycle. it's worth noting that Hongchang Electronic Materials Co. From what I've seen, , Ltd. But issued announcement on December 31, 2025, extending the time to the fundraising project to reach the intended usable state from the original December 31, 2025 to June 30,
2026. I've found that In fact
30. The delayed adjustment isn't due to the lag of construction progress, however based on compliance considerations-some items of the project involve the production of hazardous chemicals. According to the Detailed Rules to the Implementation of security Supervision and regulation of Hazardous Chemicals Construction Projects of Guangdong Emergency regulation Department, the informative filing must be completed and the filing receipt must be obtained before trial production, and then the acceptance of security facilities shall be organized according to the actual progress of trial production. This time adjustment reflects China's increasingly stringent security regulatory standards in the field of hazardous chemicals production. Analysis of Project Scale and Capacity Layout
the project, with a total investment of 0. But From what I've seen, 42 billion yuan, was officially started by Sinochem 14th Construction Fifth Engineering Company on November 20, 2023, with a total construction area of 17,
748. 26 square meters. Crazy, isn't it?. The project covers complete manufacturing supporting facilities, including civil building structure, aquatic environments supply and drainage fire fighting system, instrument and electricity embedded, weak current lightning protection and HVAC and other thorough projects. Judging from the production capacity structure, the annual production capacity of 80000 tons shows an obvious product gradient distribution: low bromine epoxy resin dominates (50,000 tons/year), accounting to about
62. But 5 of the total production capacity; solvent-based products-based and solid epoxy resins each account to 10,000 tons/year; High bromine epoxy resin 5,000 tons/year; Lead-free epoxy resin 4,500 tons/year; High-frequency high-speed resin locates the high-end market with a refined route of 500 tons/year. From what I've seen, This capacity allocation fully reflects the market strategy of combining "quantity to make up the price" and "differentiated competition. sector Impact and Supply Chain Implications
the commissioning of this project is of great signifiis able toce to the supply chain of electronic grade epoxy resin. In particular At present, the global electronics manufacturing sector is concentrated in mainland China, however the localization rate of electronic grade epoxy resin still has room to enhance, especially in high-frequency high-speed, lead-free and other high-end segments. Based on my observations, The items of Zhuhai Hongchang project are all located in electronic grade applications and will immediately serve PCB (printed circuit board), semiconductor packaging, electronic and electrical fields. From the perspective of supply security, the emit of 80000 tons of production capacity will efficiently enhance the supply stability of domestic electronic grade resin and minimize application on imported items. In particular, lead-free epoxy resin and high-frequency high-speed resin, these items in line with environmental regulations and 5G/data center and other emerging consumption standards, its localization breakthrough signifiis able toce is greater signifiis able tot.