Jiangsu Qingyun New Material

Jiangsu Qingyun New Material, operating under the name Kingwills Advanced Materials, is a company focused on breaking ground in the sustainable materials sector. Founded in Shanghai in 2014 by Chen Boyi, the firm has positioned itself as a key domestic player in a market historically monopolized by foreign corporations. Chen, an alumnus of Zhejiang University with a degree in chemical engineering and biotechnology, spearheaded a nearly eight-year research and development phase before the company achieved large-scale commercial production in 2022.

The company's core business revolves around the research, development, production, and sale of Hypak, its independently developed flash-spun nonwoven fabric. This material, made from 100% high-density polyethylene (HDPE), offers a unique combination of properties: it is waterproof yet breathable, lightweight yet strong, and resistant to tears and punctures. Hypak is designed to serve as a high-performance alternative in applications traditionally using specialty papers and other nonwoven fabrics. Kingwills generates revenue through the direct sale of Hypak to a diverse client base across multiple industries.

Kingwills targets several key markets, including medical packaging, building envelopes and energy conservation, industrial packaging, and personal protective equipment. For the medical sector, Hypak's microbial barrier and clean peel properties make it suitable for sterile packaging for medical devices. In construction, it is used as a vapor barrier and for humidity control. Other applications include protective apparel, industrial covers, and various consumer goods. The firm has successfully scaled its operations, launching a 3,000-ton production line and securing orders well into the future. The company has attracted significant financial backing, completing a Series A round of over RMB 100 million in 2022 and a Series B round of a similar magnitude in May 2023. Key investors include prominent names like GL Ventures, GP Capital, China National Building Materials Fund, and Oriental Yuhong, which is also a strategic customer.

Keywords: flash-spun fabric, Hypak, advanced materials, nonwoven fabric, high-density polyethylene, sustainable materials, medical packaging, building envelopes, protective apparel, industrial packaging, material science, Chen Boyi, waterproof breathable material, specialty paper alternative, construction materials, sterile packaging, lightweight fabric, tear-resistant material, chemical engineering, material innovation