On August 10th, Yantai Wanhua has successfully started a new 4000t/y TPU production line, which is designed with Yantai Wanhua's own intellectual property. New production line makes the total TPU production capability increase up to 34000t/y. Yantai Wanhua will conduct another two new production lines in next two months and the total production capability will increase up to 42000t/y at last. These new production lines will lay strong foundation for Yantai Wanhua in the global TPU market, we can promise our global customers with stable and convenient supply in future, new production lines with innovative manufacture technology will help us to provide higher quality products and strengthen our quality leadership in china and global TPU market.
As the largest TPU manufacturer in Asia-Pacific area, Yantai Wanhua will continuously be dedicated to develop high-tech innovative TPU materials and processing innovation, especially satisfying the strong demands of medical, electronics, high-performance shoes and hot-melt adhesive industry in Asia Pacific region.
In the next five years, Yantai Wanhua will continue its TPU strategic developing plan in the global market, we plan to invest a new TPU plant outside china and keep our production capability expansion around the world, says Dr. Huang Qishan, we'll invest about 50 million USD to consolidate our leadership in the global TPU market and we are looking forward to growing up with our customers, which means that the annual TPU production capacity will achieve over 50000MT in 2017. This investment plan will help us to realize our strategic goal, which is our commitment to our global customer.