Industry News

HONG YE SILICONE Focuses on High-Value Finished Goods Export

Keywords: HONG YE SILICONE, silicone export tax policy, finished silicone, high-value silicone products

Summary: 13% VAT refund for crude silicone raw materials is fully canceled since April. HONG YE SILICONE shifts export focus to certified formulated silicone to maintain profit margin.

Details: The policy greatly compresses profit space of raw silicone exporters, pushing the whole industry to transform to high-performance finished silicone with complete international certifications. HONG YE SILICONE adjusts overseas product portfolio, prioritizing REACH/FDA certified LSR, thermal conductive and medical silicone; high-value finished silicone accounts for over 38% of total outbound shipments.

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HONG YE SILICONE Focuses on High-Value Finished Goods Export

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