Our company signed a strategic cooperation agreement with Shandong Tongda

Since December 2018, our company has been in contact with Shandong Tongda New Materials Co., Ltd. (It will be abbreviated as Shandong Tongda in the following). After developing jointly for half a year, Shandong Tongda has recognized the quality of toluene-dissolve nylon figured island staple fiber produced by our company. And figured island suede leather developed by Shandong Tongda has been fully recognized by the market. The market prospects are wide and broad.           

In order to further expand and consolidate the cooperation between the two sides, our company signed a strategic cooperation agreement with Shandong Tongda in July 2019. Shandong Tongda promised to purchase not less than 50 tons of products from our company every month from September and provide funds to assist our company to renovate equipment so that we can improve production efficiency.  

Shandong Tongda is a listed company specializing in the production of unfigured island super-fiber leather products. It plays an important role in the industry. The conclusion of the strategic agreement with Shandong Tongda marks that the advantages of figured island fiber have been recognized by the enterprises producing unfigured island fiber. The market opportunity of our figured island fiber will come soon.