Fulai’s Important Investment in 2023

New Headquarter Project

Fulai’s new headquarter and new production base is under built in 3 phases of 87,000 m2, with over 1 billion RMB of investment. The first phase of 30,000 m2 is going to put production in end of 2023. 

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Presently, Fulai has 4 production factories and a production base of approximately 113 acres; Nearly 60 high-precision fully automatic coating production lines, with a factory area of over 70,000 square meters.

Fulai’s Important Investment2

Yantai Fuli Functional Base Film Project

Fulai Film Plant is located in Yantai City, Shandong Province of PRC with an area of 157,000 m2. Fulai Group invested over 700 million RMB in first phase. Significance of this project is lowering Fulai’s operation costs, such as energy cost since nuclear and wind power source is abundant in Yantai, as well as has lower labor cost in Yantai than that of in Eastern China. 

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In 2023, Fulai, known for its innovation and success, will make major investments in various fields. Fulai focuses on industrial integration and multi-application fields, aiming to consolidate its position as a market leader.

One of the core strategies that Fulai will implement is the two wheel drive strategy. This approach has actively contributed to the mass production and efficiency gains of emerging businesses. By implementing this strategy, Foley aims to ensure a streamlined production process, maximizing output while minimizing costs. This will not only improve the company's profitability, but will also allow it to more effectively meet the growing demand of the market.

Another investment area for Fulai in 2023 is the IPO fundraising expansion project and the smooth commissioning of the Yantai Fuli functional base film project. Through the successful implementation of these projects, Fulai aims to strengthen its financial position and im.

Fulai’s Important Investment4

Post time: Apr-27-2023