On October 28th 2009, NIMTE signed a cooperation agreement with Yuanrong New Materials Co., Ltd, Hefei City to industrialize a research archievement ”Green Polypropylene Foam Material Technology”. This is the first major industry transfer project in NIMTE history. A new company will be founded, the total investment will be up to 80 million Chinese Yuan. We will hold 23% shares of the company by technology investment.
Green polypropylene foam material is a novel material with properties of light quality, sound insulation, heat insulation, and absorb the impact energy. It can wildely used in automotive anti-collision, heat insulation, sound insulation, insulation materials, sporting goods and many other fields
It is expected to replace EPS as green packing materials. To date, there are only a few companies from Japan and Germany can produce it.
The successful transfer of the project will benefit polypropylene foam production industry, and provide technology and equipment support for large-scale development of polypropylene foam materials industry.