In the face of the adverse impact caused by the covid-19 epidemic, east China’s Jiangsu province has used various targeted measures and personalized services since the beginning of this year to solve various difficulties for the little giant small and medium-sized enterprises.
Jiangsu Maida New Material Co., Ltd. is a new material enterprise specializing in food-grade antioxidant BHT, a white powder like table salt that is an indispensable antioxidant for industrial production widely used in food, textile, cosmetics, oil industries.
In recent years, the company has continued to invest in independent research and development to break foreign monopoly so as to have replaced imported products and gaining a growing market share by ranking first in China and the second in the world, making it the single champion in the industry.
In order to fulfill the current order, the company's production will continue until the end of August. However, two months ago, road transportation was blocked due to epidemic prevention and control, and suppliers were unable to transport raw materials to the factory, causing the company to suspend production for nearly a month.
Ma Chunming, Head of Production Division of Jiangsu Maida New Materials Co., Ltd.
As a leading enterprise in the segment, Maida's production suspension also affected the upstream and downstream of the industrial chain, resulting in price changes of products.
The enterprise reported the situation to the Nanjing Jiangbei New Area New Materials Science and Technology Park where it was located, and the park administration immediately arranged for the enterprise to be included in the "white list" of the supply chain of key industrial chains to quickly open up logistics channels.
The overall recovery of the market increased the number of orders by 50% compared with last year, tightening the production capacity. Improving the process, expanding production capacity, and promoting the construction of new production lines have become a matter of urgency that must be put on the agenda as soon as possible.
The Nanjing industry and information department assisted the company in applying for nearly 10 million yuan in various awards and subsidies, and provided policy guidance and coordinated resources for their next development plan.
Gao Xiang, Director of Materials Industry Division, Nanjing Bureau of Industry and Information Technology
Market promotion and policy assistance have strengthened the company's confidence in innovation and development. Maida will invest 10 million yuan within this year in comprehensive research and development so as to further improve the process, develop products, and achieve the ultimate specialization and refinement to gain the upper hand in the industrial chain.
