Xinlun New Materials Co., Ltd.: it is expected that the monthly production capacity of aluminum-plastic film will increase by 3 million square meters per month.

According to the important news of Xinlun New Materials Company on September 17th, Xinlun New Materials Technology (Changzhou) Co., Ltd., a wholly-owned subsidiary of Xinlun New Materials, recently received good news from local governments and financial institutions at all levels. Jiangsu Jiangnan Rural Commercial Bank lent 596.7 million yen, equivalent to about 35 million yuan, and the total credit quota approved by Xinlun New Materials and its subsidiaries in Jiangnan Agricultural Bank was 190 million yuan. Thanks to the local government and financial institutions for their support to the new materials industry and optimistic about the company's development prospects, Xinlun New Materials will continue to cultivate the new materials industry and shoulder the important task of localization and replacement of the new materials industry to ensure the safety of the domestic supply chain.

New compound material, as an important subsidiary of new fiber and new material, is the leading enterprise of domestic new energy material power soft package battery aluminum-plastic film. In 2020, the domestic market share of power aluminum-plastic film has reached 87.5%, with a business income of 352 million yuan in the first half of 2021, an increase of 131% over the same period last year. Recently, the company has completed the commissioning of the second production line of aluminum-plastic film, and it is expected that the monthly production capacity of aluminum-plastic film will increase by 3 million square meters per month, which will further consolidate the market position of the leading domestic power aluminum-plastic film enterprises.

With the support of the above funds, the company will speed up the expansion of aluminum-plastic film business, consolidate its market leading position, and contribute to the supply chain security of raw materials in the middle and upper reaches of the new energy materials segment.