Kangda New Materials (002669.SZ) plans to invest 425 million yuan in the construction project for wind turbine blade structural adhesive and vacuum infusion epoxy resin adhesive.

Kangda New Materials (002669.SZ) announced that the company plans to invest in the construction of a "35,000 tons annual production capacity for wind turbine blade structural adhesive and 80,000 tons annual production capacity for wind turbine blade vacuum infusion epoxy resin" through its wholly-owned subsidiary, Tangshan Fengnan District Kangda Chemical New Materials Co., Ltd. The total planned investment for the project is 425 million yuan. The project plans to renovate the production line and corresponding capacity within the existing plant of the subsidiary, install storage racks, and refurbish and utilize existing storage tanks and corresponding pipelines, without involving new land use or project site selection. Through the implementation of this project, the company will effectively enhance its production capacity for epoxy structural adhesives and epoxy infusion resin products for wind turbine blades, establishing a competitive advantage in large-scale production. At the same time, the project will optimize the production process, effectively control and reduce raw material costs, and significantly decrease the overall operating costs of the company, thereby further improving the profitability of the project. In addition, this project will further meet the company's future business development and market expansion needs, which has positive and significant implications for consolidating the company's market position in the industry and enhancing its core competitiveness.