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Ningxia Baofeng Energy Group Co.
, Ltd.
(hereinafter referred to as "Baofeng Energy") stated on the Shanghai Stock Exchange e-interactive platform on Tuesday (February 11) that in order to effectively support the prevention and control of the pneumonia epidemic caused by the new coronavirus infection, the company has now decided to Emergency conversion of some production lines to produce high-melt-finger fiber polypropylene that can be used in the manufacture of medical non-woven fabrics
.
The company said that it has reached a cooperation agreement with Dawn, the largest domestic manufacturer of polypropylene meltblown special materials for mask cloth
.
Polypropylene high-melting fiber can be used to produce high-end medical non-woven fabrics such as masks and surgical gowns, and is the main raw material for medical masks
.
Previously, Baofeng Energy had donated 20 million yuan to the Ningxia Red Cross Society on January 30 to support the fight and prevention of the novel coronavirus pneumonia
.
Baofeng Energy was established in 2005 and listed on the Shanghai Stock Exchange in 2019.
Its main business is to replace oil with coal to produce high-end chemical products
.