Jinfa Technology's circular economy industrial park for recycled plastics has recently seen two projects announced.

The construction project for Jinfa Technology's annual 10,000-ton large block plastic crushing has been completed.

On March 26, Guangdong Kingfa Technology Co., Ltd. announced the completion and acceptance of its annual 10,000-ton large plastic crushing project. Located within Kingfa Technology's recycled plastic circular economy industrial park, the project includes 5 crushing rooms and 16 crushers, covering an area of 800 square meters, with an annual capacity to crush 10,000 tons of large plastics. The production process involves breaking down large plastic pieces (approximately 30cm~500cm in length) into crushed materials (approximately 1cm~2cm in length). The crushed materials are then sold to companies within the industrial park as raw materials for production. The raw materials mainly come from production waste from other Kingfa Technology factories, with some purchased externally. It is reported that the park focuses on developing two leading industries: new materials, and automotive and key components.

The project pre-announcement of the Golden Hair Technology Regenerative Plastic Circular Economy Industrial Park.

On March 26, the preliminary public announcement of the planning permit for the construction project of the Jinfa Technology Regenerative Plastic Circular Economy Industrial Park (Qingyuan) was made. According to previously released information, the industrial park is currently undergoing improvements in construction.

According to the key revisions of the End-of-Life Vehicles (ELV) regulations passed by the European Parliament, new cars sold in the EU in the future must contain a minimum of 20% recycled plastic, and at least 15% of the recycled plastic content in vehicles should specifically come from plastics recovered from end-of-life vehicles.

Obviously, as the largest durable consumer good in the market, automobiles face the demand for low-carbon transformation on one hand, while on the other hand, there is significant room for growth in per capita car ownership in developing countries. The market for automotive-related materials is also poised for a major "transformation."

In 2025, Jinfa Technology made significant progress in low-carbon circular recycled materials. On February 19, the production ceremony of Jinfa Environmental Technology Co., Ltd. was grandly held in Montalvo, Cuenca Province, Spain. Jinfa Environmental in Spain will establish a production capacity of 30,000 tons of high-performance recycled plastic. This project combines the current situation of local waste plastic recycling in Spain, actively participates in and improves the local waste plastic recycling system, and promotes a green low-carbon economy.

With the commissioning of this project, Kingfa Sci. & Tech.'s environmentally friendly recycled plastic capacity has exceeded 519,000 tons. The construction project of breaking large pieces of plastic by Guangdong Kingfa will further refresh its recycled plastic production capacity. In addition, Kingfa Sci. & Tech.'s total production capacity of modified plastics has just exceeded 3.6 million tons in February this year, and the current record also seems to be continuously refreshed. In 2025, Kingfa Sci. & Tech.'s new material production capacity is either being refreshed or on the way to being refreshed.