In a move to accelerate its green and low-carbon transformation, Befar Group Co.,Ltd. (601678.SH) has announced plans to construct a 250,000-ton-per-year specialty rubber integrated project. The investment for this initiative is set at 18.22 billion yuan.

The project will be executed through the company's wholly-owned subsidiary, Shandong Bin Hua New Material Co., Ltd. The construction is slated to occur in two phases. The initial phase will involve building a 70,000-ton-per-year halogenated butyl rubber facility. The timing for the second phase will be determined based on market conditions and will require separate approval from the company's authorized bodies.

Leveraging the subsidiary's competitive advantages in location, port access, land, and raw materials, as well as the comprehensive public utility support system at the Beihai base, the project is expected to deliver favorable economic returns. It is projected to have a short investment payback period and strong economic resilience against risks.

Furthermore, this project is anticipated to help the company expand its product portfolio, enhance profitability, and strengthen its competitive position within the industry. The company stated that the project is not expected to have a material impact on its operating performance for the 2026 fiscal year.