Downstream Enterprise Invests in Modification, 150,000-Ton-Per-Year Modified Plastics Project to Be Commissioned in Early 2026

Qingdao Haitaike Molding Technology Co., Ltd. stated on the interactive platform on August 11 that the Hefei production base is expected to be put into operation before the end of January 2026.After reaching full production, the project will bring new growth to the modified plastics business. In addition, as the company continues to advance its "molding integration" strategy,Focusing on the Yangtze River Delta new energy industry cluster, we provide nearby services to clients such as NIO and Volkswagen Anhui, strengthen regional responsiveness, and at the same time offer capacity support for fulfilling overseas orders.

As a leading company in the domestic automotive interior and exterior injection mold industry, in recent years, Haitai Technology has not only continued to focus on its main business of injection molds but also actively expanded into automotive plastic parts and modified plastics. By creating a full industry chain of "modified plastics-injection molds-plastic parts," it can better meet the downstream customers' service needs for "molded integration" and "one-stop procurement."

The company’s net profit in the first quarter of this year surged 57 times year-on-year, mainly due to increased revenue from the mold business and foreign exchange gains. With the second phase of the Thailand production base set to start operations in August and the modified plastics project scheduled for trial production by the end of the year, capacity expansion and order growth will continue to drive performance. Orders for new energy vehicle molds have risen to account for 35%, and coupled with the global trend toward vehicle electrification, the company is accelerating its penetration into the new energy sector.

The company’s injection molds and plastic components are primarily used in the automotive industry. With strong R&D capabilities, advanced technology, strict quality control, and excellent service, the company has developed and expanded steadily and rapidly over more than twenty years, forming and maintaining a large and stable customer base of high quality. The company is a mold supplier for internationally renowned automotive interior and exterior parts companies such as Yanfeng, Foria, IAC, SMG, Plastic Omnium, and GRAMMERAG.

In response to strong demand (especially for ultra-large molds), the company is accelerating capacity expansion (such as the second phase of the Qingdao plant and the Ningbo base plan) and improving production efficiency and precision through intelligent manufacturing, to alleviate delivery pressure and consolidate technological barriers.