On April 6, CCTV's program "First Time" reported on the development of chemical fiber enterprises in Suzhou amid the recent surge in raw material prices. Shenghong Holding Group has effectively responded to fluctuations in raw material prices thanks to the resilience of its industrial chain and product advantages.
At the Shenghong Chemical Fiber factory, CCTV reporters saw packaged yarn products being loaded onto trucks, which were then sent to weaving factories across the country. Tang Junsong, General Manager of Shenghong Chemical Fiber New Materials Co., Ltd., explained, "We are currently operating at full production and full sales. Orders and shipments are normal, and goods are being sent nationwide every day. The fluctuation in oil prices has increased raw material costs, impacting the procurement and production costs of chemical fibers to some extent, but the downstream industry chain is gradually absorbing this."
Shenghong Chemical Fiber has consistently followed a path of differentiated development, vigorously developing functional fibers and green low-carbon fibers, forming a unique market advantage and enhancing risk resistance. Currently, Shenghong Chemical Fiber has two world-first green low-carbon fiber products: one is recycled fiber produced from discarded plastic water bottles, with a production capacity of 600,000 tons, capable of recycling over 30 billion used water bottles annually and reducing carbon dioxide emissions by over 1.2 million tons; the second is carbon-capture fiber produced from carbon dioxide, where 1 ton of carbon-capture fiber can recycle 364 kilograms of carbon dioxide, reducing carbon emissions by 31.2% compared to virgin fibers.
Leveraging these advantageous products, Shenghong Chemical Fiber has established long-term, stable, and in-depth cooperative relationships with many domestic and foreign apparel and home textile brands. Shenghong will continue to be market-oriented, strengthen industrial chain collaboration, accelerate research and innovation, continuously optimize product structure, increase the proportion of high value-added products, and enhance corporate profitability.
