Binhua Co., Ltd. (601678.SH) plans to invest 1,822 billion yuan to build a halobutyl rubber project

Zhitong Finance App News, Binhua Co., Ltd. (601678.SH) announced that in order to accelerate the company's green and low-carbon transformation and development, the company plans to build a 250,000 tons/year special rubber integration project through its wholly-owned subsidiary Shandong Binhua New Materials Co., Ltd. (“Binhua New Materials”), with an investment amount of 1,822 billion yuan. The project is planned to be built in two phases. The company plans to first build the first phase, the 70,000 tons/year halobutyl rubber project. The second phase of the project will be submitted separately to the company's authorized agency for review and approval according to market conditions, and then an opportunity for construction.

The project relies on the competitive advantages of Binhua's new materials location, port, land, raw materials, etc., as well as the Beihai base's perfect public support system. It has good economic benefits, a short payback period, and strong economic resilience to risks. At the same time, it helps the company further expand its product range, enhance profitability, and enhance the competitiveness of the company's industry. This project is not expected to have a significant impact on the company's business performance in 2026.