神马股份落子宁东筹建尼龙66项目

Core Viewpoint - Shennong Co. plans to establish a new company in Ningxia, focusing on high-performance nylon 66 products for the automotive sector, which is expected to enhance its market competitiveness and optimize its product structure [1] Company Summary - Shennong Co. announced the establishment of Shennong (Ningdong) Fabric Co., Ltd. with a registered capital of 169 million yuan [1] - The Ningdong project will produce high-performance nylon 66 industrial yarn and coated fabric, primarily for the automotive industry [1] - The project includes two types of nylon 66 industrial yarn: heavy denier and fine denier, with applications in tire fabric, canvas, and airbags [1] - The company aims to leverage its production technology and management advantages to improve product performance and reduce production costs [1] Industry Summary - The nylon 66 high-strength medium and low denier yarn represents a high value-added segment with significant technical barriers, with only a few companies capable of mass production [1] - The Ningdong project is positioned to take advantage of the abundant resources in the western region, contributing to a more optimized industrial structure and creating new profit growth points [1]