On October 22, 2021, China’s largest manufacturer of para-aramid fibers and meta-aramid fibers: YTTH Aramid Technology Corporation disclosed a plan for non-public offering of A shares. Investors, fundraising does not exceed 3.8 billion yuan.
YTTH will invest in the new para-aramid and meta-aramid production bases after deducting the issuance costs from the fixed increase in the fundraising.
Aramid fibers are mainly divided into para-aramid and meta-aramid, which are key basic materials and strategic materials to promote the development of high-tech industries and enhance the competitiveness of the manufacturing industry. In recent years, the downstream applications of aramid fiber have become more and more extensive, and the market demand for high-end applications has continued to increase, and the company's production capacity has become a bottleneck.