On February 19, Dongguan Huali Industries Co.Ltd(603038) (603038) “Hubei huazhili decoration material factory project” (phase I) was officially put into operation. On the same day, Hubei huafuli decoration materials Co., Ltd., a wholly-owned subsidiary of the project operator Dongguan Huali Industries Co.Ltd(603038) , held the opening ceremony.
Statistics show that the total investment amount of “Hubei huazhili decorative material factory project” is 560 million yuan. It is expected that the annual output of decorative panels will be 190000 cubic meters and 6000 tons of profiled decorative materials, which will effectively expand the large-scale production capacity of the company’s decorative panels.
The company said that Hubei huafuli is located in the Yangtze River economic belt. The sector waterway transportation is relatively convenient, and the radiation range can cover central and Northern China. The opening and operation will further expand the business coverage and improve the company’s rapid supply capacity, provide tight supporting high-quality services to the home industry cluster, and further improve the upstream and downstream industrial chain in central and Northern China, Create industrial cluster effect and empower the development of home furnishing industry in central and Northern China.
After the project is put into operation, the company will open the market for the decorative panel business with the help of the customer resources accumulated by the edge banding business, realize the mutual promotion and coordinated development of the company’s product sales, broaden the company’s business application space, break through the restrictions of a single product structure on the company’s development, improve the company’s market share and create higher economic benefits.
It is understood that as a leading “customized and hardbound material service provider” in the industry, Dongguan Huali Industries Co.Ltd(603038) has developed into a comprehensive holding enterprise including home materials business segment, industrial Internet business segment and industrial investment business segment with R & D, design, production and sales of decorative composite materials as the industrial cornerstone. The successful opening of Hubei huafuli is another great achievement of Dongguan Huali Industries Co.Ltd(603038) deeply cultivating the home industry market and constantly adjusting and optimizing the strategic layout in major furniture industry clusters in China. In the future, the company will continue to take quality development as the guide and innovative enterprises as the driving force, and gradually walk out of a unique high-quality development path.
