Since we successfully launched the first batch of non-phthalate plasticizer in the market, more and more customers have begun to choose to try this product, and have proved its performance advantages in a variety of applications. In addition, non-phthalate plasticizer has excellent environmental performance.
This feature has gradually become an important factor affecting the final product selection decisions of customers. In a word, it is imperative that the market demand for non-phthalate plasticizer rise sharply. From the previous period of time, it has been a challenge for Boshengyuan to meet the growing market demand with the existing capacity. Therefore, we have decided to further expand the production capacity of this product from 2019. In addition, our partnership with Alcoplast Srl. will bring more complementary plasticizer products to our original product portfolio.
Boshengyuan believes that the non-phthalate plasticizer market will maintain sustained growth momentum, and non-phthalate plasticizer will gradually become the ideal product choice in this field. At present, the non-phthalate plasticizer's capital increase plan has entered the stage of preparation and implementation. Boshengyuan will implement this capital increase plan in time to fully respond to the future market demand.