The water-based microfiber project is proceeding in an orderly manner! Mingxin Xuteng joins hands with Siemens to build a digital factory
On March 9, 2023, Mingxin Xuteng stated on the investor interaction platform that the company has always paid attention to digital construction, and has passed the certification of the integration of industrialization and industrialization and a provincial digital factory. Intelligent manufacturing” to build a sustainable industrial digital factory. Previously, Mingxin Xuteng stated that from the perspective of development trends, smart factories have become a rigid need for the development of the manufacturing industry, which is not only conducive to the development of business operations, but also in line with national policy requirements.
It is reported that the two parties completed the signing of the strategic cooperation framework in November last year. 2023 will be an important milestone for the win-win cooperation between Mingxin Xuteng and Siemens. Landing, jointly carry out close cooperation in the fields of digital smart factories, industrial Internet of Things applications, enterprise digital management models, and dual-carbon economy, and jointly build a 4.0 model digital factory for China’s automotive interior new material industry. At the same time, Tesla is also a key target customer of the company, and is currently actively promoting cooperation.
In addition, Mingxin Xuteng also stated that with the development of market development and the display of various advantages of water-based microfibers including green environmental protection, high cost performance and localization of the supply chain, new projects have been continuously obtained. Therefore, the company’s current superfiber product sales The business is progressing smoothly, and the capacity utilization rate of the first phase of the water-based microfiber project has reached a relatively good level. The host factory corresponding to the microfiber order involves a confidentiality agreement, so it is inconvenient to disclose. In addition, the company’s convertible bond fundraising project “Annual production of 8 million square meters of all-water-based Dingdao microfiber new material intelligent manufacturing project” is also advancing in an orderly manner, and some equipment has arrived at the factory. The company will pay close attention to overseas markets and increase export sales.
It is understood that under the trend of green environmental protection, some car companies have begun to gradually remove the oil-based route, and water-based materials have become the best choice. In the terminal main engine factory, Tesla clearly only uses “water-based” environmentally friendly materials; FAW-Volkswagen, FAW-Audi, BYD, Changan Automobile and other models have also begun to use microfiber.
Mingxin Xuteng said that the company mainly focuses on the leather and microfiber business of automotive interiors, and has provided accessories for many models of SAIC Volkswagen, SAIC GM, and SAIC Audi. In addition to existing customers, the company has actively deployed new customers and new models in recent years market development, and has been harvested. At present, the company is the supplier of leather and microfiber interior materials for Wenjie M5, the supplier of superfiber materials for Jietu Dasheng and Sagitar, and the supplier of Tange, Tanyue, Tiguan, Tuyue, Magotan, Audi A6 and Wenjie It is the interior material supplier of Jie M5, the seat interior material supplier of Volkswagen Lanxuan, and the leather and suede microfiber supplier of Audi Q4. With “environmental protection + aesthetics” leading the interior transformation, Mingxin Xuteng’s microfiber business will open the second growth curve for the company, realizing domestic substitution and rapid penetration. It is expected that with the investment of new products and the release of new customers in the future, the performance is expected to usher in rapid growth.
