The reporter learned from Hengfeng bank on April 20 that recently, Hengfeng bank issued a loan of 10 million yuan to Zhejiang Ruitang Plastic Technology Co., Ltd., a leading enterprise in the segmentation industry of rotational plastic modified materials, helping the plastic processing industry to specialize in the new “little giant” to lead the segmentation field.
Rotational molding technology is one of the most widely used and fastest-growing fields in China’s plastic processing industry. Its core technology is the production and R & D of rotational molding modified materials. Rotational plastic modified material is a kind of powder material based on polymer, which has special functions such as cold resistance, heat resistance, flame retardant, reinforcement and conductivity. It has important applications in many fields such as children’s toys, automotive plastic parts, military equipment and so on. Zhejiang Ruitang Plastic Technology Co., Ltd. is an R & D and production enterprise of rotational plastic modified materials. It has been recognized as a national specialized and new “little giant” enterprise, an invisible champion enterprise in 2020 in Zhejiang Province and a single champion enterprise in manufacturing industry in Ningbo. The person in charge of the enterprise is a leading figure in the industry. One fifth of the employees of the company are R & D personnel. They have jointly participated in the formulation of national and industrial standards of several rotational molding industries, and have strong R & D strength. At present, the output value of enterprises ranks first in China’s rotational molding industry, and the product market accounts for more than 60%.
Affected by the epidemic, the prices of raw materials of enterprises have increased. At the same time, it is necessary to increase investment in R & D, and there is a certain gap in funds. After knowing the financing needs of the enterprise, the implementation promotion team of Hengfeng bank Ningbo Branch fought hard and responded quickly to customize the exclusive financing scheme for the enterprise. The front, middle and back offices of the branch worked closely and efficiently. It took only five days from the connection of demand to the approval of the project, which guaranteed the rapid landing of the financing to the greatest extent and solved the capital problem of the enterprise with low financing cost.
Hengfeng bank said that the bank has listed “building a ‘specialized and special new’ industry track” as one of the ten tough battles that must be won in 2022. It has issued a series of products and supporting policies such as “Little Giant loan”, “specialized and special new loan” and “mortgage value-added loan”. It will take multiple measures to increase the financing support for specialized and special new enterprises, and will continue to inject financial momentum into the high-quality development of the manufacturing industry in the future.
