Core Viewpoint - Texxon Holding Limited has successfully completed key safety and regulatory milestones for its 600,000-ton annual capacity polystyrene manufacturing project, the Henan Polystyrene Factory, which is expected to commence production in early 2026 [1][6]. Completion of Regulatory and Safety Procedures - The company has completed a comprehensive pre-commissioning inspection and rectification process known as the "Three Checks, Four Fixes" program, addressing design omissions, engineering quality issues, safety hazards, and operational risks [2][3]. - On December 10, 2025, Texxon filed its Major Hazard Installation Safety Assessment Report, confirming compliance with national safety regulatory requirements [4]. - Henan Net Plastic Supply Chain Management Co., Ltd., a subsidiary of Texxon, has obtained the Hazardous Chemicals Operating License, allowing legal commercial sale and distribution of polystyrene and other regulated chemical products [5]. Transition to Commissioning Phase - With core safety procedures and regulatory approvals completed, the project has transitioned from construction to commissioning and ramp-up preparation, positioning the company for initial production and revenue generation [6]. - The Henan Polystyrene Factory is expected to enhance Texxon's industrial synergy by integrating manufacturing capabilities with its existing supply chain and digital distribution platform [7]. Operating Model Change - The completion of these milestones marks a significant transition for the company, shifting from a trading-based model to an integrated model that combines supply chain services with manufacturing capabilities [8]. - Following commissioning, the factory is anticipated to introduce manufacturing margins into the revenue mix, improving overall gross margin structure and earnings quality [9].
Texxon Holding Limited Completes Key Safety and Regulatory Milestones for 600,000-Ton Polystyrene Project