Yufu Co., Ltd.: Termination of the project to produce 16,000 tons of dipped canvas and 6,000 tons of dipped sailcloth annually

NightAirdropper · 2026-03-27T08:19:41+00:00

Youfu Co., Ltd. announced the termination of the annual production of 16,000 tons of dipped canvas and 6,000 tons of dipped tarpaulin projects, and has adjusted to a new project for the green and intelligent production of rubber skeleton new materials with an annual capacity of 13,000 tons. The total investment is expected to be approximately 220 million yuan, due to market oversupply and various external factors.

NightAirdropper

2026-03-27 08:19:41

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Everyday Economic News AI Express. YUFA Shares (002427) announced on March 26: On March 26, 2023, the company disclosed its plan to build a green, intelligent production technology renovation project for an annual output of 35,000 tons of rubber skeleton new materials. Because the overall industry is currently in a state of supply overhang, market prices have been declining continuously, and in combination with internal and external factors such as international trade unilateralism, tariff barriers, and insufficient electricity load for the project, the company has decided to terminate the implementation of the annual output of 16,000 tons of impregnation cord fabric and 6,000 tons of impregnation canvas projects. The project has been changed to an “annual output of 13,000 tons of rubber skeleton new materials green, intelligent production technology renovation project.” After the change, the total investment of the project is expected to be about 220 million yuan.

Daily Economic News

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