Recently, Jiaxing CMAG Composite Materials Co., LTD. (hereinafter referred to as "Jiaxing CMAG") and Yantai Tayho Advanced Materials Co.,Ltd. (hereinafter referred to as "Tayho Advanced Materials", stock code: 002254) Held a strategic cooperation and investment signing ceremony in Yantai, announcing the formation of strategic partnership, giving full play to their technical advantages and professional capabilities, realizing resource sharing and complementary advantages, and jointly promoting the development and application of products and services of all parties.
Tayho Advanced Materials belongs to Yantai State-owned Assets Supervision and Administration Commission. As the pioneer of China's high performance fiber industry and the benchmark enterprise of China's spandex and aramid industry, Tayho Advanced Materials has always been committed to the research and development and production of high performance fiber new materials. The company deeply cultivates the spandex and aramid industries, forming ten product systems dominated by spandex, meso-aramid and para-aramid, and stepping out of a stable, professional and innovative sustainable development road.
The cooperation between Jiaxing CMAG and Tayho Advanced Materials will further open up the connection between aramid honeycomb composite material production, processing and end customers, provide customers with optimized solutions and accurately meet user needs. Both sides hope to give full play to their respective advantages in products, resources, brands, technologies and other fields through long-term cooperation, jointly promote the extension and development of both sides' products and services, and achieve win-win cooperation.