Chongchuan propels industry growth with leading firm
The industrial landscape in Chongchuan district, Nantong, Jiangsu province, has been witnessing rapid development in recent years, giving rise to a slew of industry-leading companies.
One of them is Nantong New Technology Co Ltd (NTEC) specializing in the production of monofilaments, a synthetic fiber. The company has emerged as a leader in the nation's materials industry.
NTEC currently boasts several hundred production lines for various monofilament specifications, making it the largest monofilament producer in the country. With a market share and customer stability that outpace the nation's competitors, the company experienced 15 percent-growth in production from January to June this year, with projected annual sales reaching 550 million yuan ($76.88 million).
Diversifying its product offerings, NTEC's monofilament range spans over 10,000 variations, solidifying its position as the market leader in the country. The company was recognized as a national-level "little giant" enterprise in 2021.
Beyond its manufacturing prowess, NTEC is accelerating its intelligent and digital transformation. Currently, three workers in the company's workshop can oversee five to eight production lines. The shift towards automation has also alleviated the workload for employees, resulting in a daily work duration of around two hours.
Looking ahead, the company is set to launch a project for the annual production of 160,000 metric tons of high-performance polymer monofilaments, which is expected to commence in January 2024. These upcoming products, focusing on high-performance monofilaments, will find applications in industries such as aerospace, safety and protection, marine fishing, and aquaculture.
The production lines belong to Nantong New Technology Co Ltd. [Photo/WeChat account: chongchuanonline]