HZ info:On February 19th, the commissioning ceremony of Spain's Jinfa Environmental Protection Technology Co., Ltd. was held grandly in Montalvo, Cuenca Province, Spain.

It is expected that Spain's Golden Hair Environmental Protection will form a production capacity of 30000 tons of environmentally friendly high-performance recycled plastics. The company will actively participate in and improve the local waste plastic recycling system based on the current situation of waste plastic recycling in Spain, promote a green and low-carbon economy, and create a sustainable future!

Li Huaxiang, General Manager of European Golden Hair and Chairman of Spanish Golden Hair Environmental Protection, stated that the establishment of Spanish Golden Hair is an important layout for Golden Hair Technology to accelerate its globalization process and a key measure for the group to achieve its "1438" strategy. In the future, the company will actively explore the local market to serve local customers in Europe and engage in deeper cooperation with people from all walks of life in Spain in areas such as waste plastic recycling, plastic lifecycle management, and comprehensive low-carbon material solutions.

It is worth mentioning that on July 28, 2024, Vietnam Jinfa Technology Co., Ltd., a wholly-owned subsidiary of Jinfa Technology, officially started production.

Jinfa Technology Vietnam Base has a planned total production capacity of 600000 tons per year and has established extensive cooperative relationships with well-known enterprises in various industries in Southeast Asia. Its business areas cover home appliances, automobiles, motorcycles, electronic and electrical equipment, power tools OA、 Toys, etc.

The official production of bases in Vietnam and Spain indicates that Jinfa Technology's global layout is accelerating. According to previous announcements from Jinfa Technology, in addition to its bases in Vietnam and Spain, Jinfa Technology is also actively promoting the construction of factories in Poland and Mexico.

Since the establishment of globalization, Jinfa Technology has achieved excellent performance in international development. According to the annual report of the company, from 2013 to 2023, the overseas business revenue of Jinfa Technology rapidly expanded from 1.189 billion yuan to 7.941 billion yuan, with an average annual growth rate of 20.91%. The gross profit margin remained above 15% throughout the year, and has become one of the important development drivers of Jinfa Technology.