Shandong Longtu New Materials Co., Ltd. is located in the Yellow River Delta Development Zone and the Bohai Blue Belt Development Zone. Construction started in August 2019, with an area of 100 mu, and an estimated investment of 210 million yuan. Main construction includes office buildings, R&D centers, and six large integrated production workshops. The company has independently developed and produced 26 high-torque high-speed twin-screw extrusion lines, each with a capacity of 2 tons per hour, capable of annual production exceeding 70,000 tons. It will build the most advanced automated production plant domestically, providing customers with high-standard, high-quality services. The parent company —— Weidicun Longda Plastic Masterbatch Co., Ltd. was established in 2002, introducing advanced equipment and management concepts, becoming the largest modern black masterbatch producer north of the Yangtze River, and also a major supplier of colored, colored, absorbent, white, and functional masterbatches. In 2020, the company produced 30,000 tons of black masterbatch; 14,000 tons of colored, absorbent, white, and functional masterbatches. Our masterbatches are widely used in blown film, injection molding, pipes, sheets, cables, and other fields. Products are sold domestically and exported to Canada, South America, Southeast Asia, the Middle East, Africa, and Europe, with sales exceeding 200 million yuan. Looking ahead, the company will continue to develop diversified products, expand its industrial scale, and strive to become a leader in China's color masterbatch industry.