Wuxi Double Elephant Micro Fibre Material

What Wuxi Double Elephant Micro Fibre Material does

Wuxi Double Elephant Micro Fibre Material Co., Ltd. is a China-based, publicly listed (Shenzhen Stock Exchange: 002395, since April 2010) manufacturer of microfiber synthetic leather and PU synthetic leather, founded in 2002 as part of Jiangsu Double Elephant Group. The company's core production is built around microfiber leather (including bio-based, GRS-certified, and waterborne/solvent-free variants) and PU synthetic leather, with vertically integrated polyurethane resin production (45,000 tons/year), separate PMMA/MS optical materials operations (100,000 tons/year via Suzhou, Chongqing, and Wuxi subsidiaries), and a regulated hazardous waste disposal business (30,000 tons/year). Its products serve automotive interiors, furniture/sofa, luggage and handbags, footwear, sports equipment, clothing, electronic packaging, and interior decoration, with automotive seat leather certified to ISO16949 and ISO14001 standards. The company operates a large-scale Chongqing production base (Phase I operational April 2022, Phase II completed 2025, designated a Chongqing Digital Workshop) and a Wuxi headquarters, exporting to more than 50 countries across Europe and the Americas.

The company makes money primarily through one-time B2B sales of synthetic leather and optical materials to well-known domestic and international brands and their processing enterprises, complemented by managed hazardous waste disposal services. Go-to-market is sales-led via direct sales hotlines and dedicated foreign trade personnel, with the company website (sxcxgf.com) and an investor relations portal (ir.p5w.net) serving as digital channels. Differentiators include the National 863 Plan Project pedigree for microfiber leather key technology, 40+ national patents, participation in drafting 30+ national/industry standards, and REACH, GRS, and ISO certifications that satisfy automotive, EU, and global sustainability requirements. Revenue scaled from $1.39B in 2022 to $2.58B in 2025 with a return to profitability, driven by Chongqing capacity ramp and product mix expansion into sustainable microfiber categories.

Name

Wuxi Double Elephant Micro Fibre Material

Legal name

Wuxi Double Elephant Micro Fibre Material Co., Ltd. (无锡双象超纤材料股份有限公司)

Website

http://www.sxcxgf.com/

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Wuxi Double Elephant Micro Fibre Material is a China-listed (SZSE: 002395) manufacturer of microfiber and PU synthetic leather, polyurethane resin, PMMA optical materials, and hazardous waste disposal services, serving automotive, furniture, footwear, luggage, and sports goods brands across 50+ countries.

Ownership category

akta.pro rank

Product category

Synthetic Leather Manufacturing

NAICS

Leather and Allied Product Manufacturing (316), Plastics and Rubber Products Manufacturing (326), Apparel Accessories and Other Apparel Manufacturing (3159), Plastics Material and Resin Manufacturing (325211)

SIC

Plastics Products, Nec (3089), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Vegan/Alternative Material Goods Manufacturing (PU/Plant-based/Mycelium) (IMAOAHAH)

akta.pro secondary industry

Leather, Suede & Alternatives (PU/Bio-based) (CRAAAMAG)

Keywords

• Microfiber synthetic leather
• PU synthetic leather
• Automotive interior materials
• Furniture upholstery leather
• Hazardous waste disposal

Headquarters

HQ city

Wuxi Shi

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Microfiber Leather and PU Synthetic Leather Sales: Core revenue stream from manufacturing and selling microfiber leather (super fiber leather) and PU synthetic leather products. Products include waterborne/solvent-free microfiber leather, bio-based microfiber leather, GRS microfiber leather, automotive seat leather, luggage leather, shoe leather, sofa leather, ball and sports equipment leather, and PU synthetic leather for furniture, balls, and luggage. Applied in automotive interiors, sofa furniture, luggage handbags, functional footwear materials, sporting goods, clothing, electronic packaging, and interior decoration.
2. PMMA/MS Optical Materials: Production and sales of PMMA (Polymethyl methacrylate) and MS optical materials through wholly-owned subsidiaries Suzhou Double Elephant Optical Materials Co., Ltd., Chongqing Double Elephant Optical Materials Co., Ltd., and Wuxi Double Elephant Optoelectronic Materials Co., Ltd. Annual capacity of 100,000 tons of PMMA optical materials.
3. Polyurethane Resin: Production and sales of polyurethane resin with annual capacity of 45,000 tons
4. Hazardous Waste Disposal Services: Environmental protection business with 30,000 tons/year hazardous waste disposal capacity and qualifications. Approved hazardous waste categories include HW02 medical waste, HW03 waste drugs, HW04 pesticide waste, HW05 wood preservative waste, HW06 waste organic solvents, and HW08 waste mineral oil. The company is expanding this business with a technical transformation project increasing hazardous waste categories from 18 to 24 major categories.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wuxi Double Elephant manufactures and sells microfiber super-real leather and PU synthetic leather products for automotive interiors, sofa furniture, luggage handbags, footwear, sporting goods, clothing, electronic packaging, and interior decoration. The company also produces polyurethane resin, PMMA/MS optical materials through wholly-owned subsidiaries, and operates a 30,000 tons/year hazardous waste disposal service.

Product overview

Wuxi Double Elephant Micro Fibre Material is a manufacturer of microfiber synthetic leather and PU synthetic leather products. The company operates three main product categories: (1) Micro Fiber Leather (超细纤维超真皮革) - including bio-based, GRS-certified, waterborne/solvent-free variants plus specialized products for luggage, automotive seats, shoes, sports equipment, sofas, and suede applications; (2) PU Synthetic Leather (PU合成革) - including waterborne/solvent-free, ball leather, luggage leather, and furniture leather; and (3) Environmental Protection Industry - a hazardous waste disposal service with 30,000 tons/year capacity. The company also produces PMMA/MS optical materials as a separate business line. Annual production capacity reaches 30 million meters of microfiber and PU synthetic leather, 45,000 tons of polyurethane resin.

Differentiator

Problem solved

Functional benefit

Products and services

• Bio-based Microfiber Leather (生物基超纤革) Bio-based microfiber leather with 42% bio-based material content, derived from green plants and grains, renewable and environmentally friendly.
• GRS Microfiber Leather (GRS超纤革) GRS-certified microfiber leather using recycled materials to maximize renewable resource utilization, low VOC content, PFC-free, environmentally safe.
• Waterborne/Solvent-free Microfiber Leather (水性/无溶剂超纤革) ECO-friendly microfiber leather without PFCs, used in furniture and car seats, anti-aging, durable up to 7+ years, wear and scratch resistant.
• Microfiber Luggage Leather (超纤箱包革) Fashion-oriented microfiber luggage leather with rich styles, bright colors, diverse patterns, soft hand-feeling, wear and scratch resistant.
• Microfiber Automotive Seat Leather (超纤汽车座椅革) Automotive interior leather certified by ISO16949 and ISO14001, safe and environmentally friendly with odor meeting international standards, good flame retardant performance.
• Microfiber Shoe Leather (超纤鞋革) Microfiber leather for leather shoes, casual shoes, safety shoes, and fashion shoes. Features include fine creases, good elasticity, real leather feel, comfort, breathability, and resistance to solvents, acids, alkalis, and hydrolysis. REACH compliant and EN ISO20344:2011 compliant for safety shoes.
• Ball and Sports Equipment Leather (球类及运动器材革) Microfiber leather for basketball, volleyball, football, and sports equipment. Features rich customization, excellent suture strength, tear and peel strength, wear resistance, and compliance with European and American environmental standards.
• Microfiber Sofa Leather (超纤沙发革) High simulation leather texture with elastic softness, wear/hydrolysis/aging resistance, anti-fouling, easy cleaning, and functional customization for flame retardant, waterproof, and antibacterial properties.
• Microfiber Suede / BASE (超纤绒面革/BASE) Microfiber suede material used for shoe uppers and linings, gloves, and electronic packaging. Features waterproof/breathable properties, anti-mold and antibacterial qualities, and EU environmental compliance.
• Waterborne/Solvent-free PU Leather (水性/无溶剂PU革) ECO-friendly PU leather for furniture and airport/public seating. PFC-free, durable and resistant to aging (7+ years guarantee), stain resistant, wear and scratch resistant, anti-yellowing.
• PU Ball Leather (PU球革) PU synthetic leather for basketball, volleyball, and football. Features rich variety and customization, full grain with strong three-dimensional sense, excellent suture and tear strength, surface wear-resistant with good color fastness.
• PU Luggage Leather (PU箱包革) PU leather for women's fashion bags, official and leisure bags, and travel cases. Features rich colors, diverse patterns, lightweight, strong toughness, breathable, waterproof, and REACH compliant.
• PU Furniture Leather (PU家具革) PU leather for indoor sofa, decorations, office and public seating. Features smooth texture, high strength, soft and elastic, good waterproof performance, temperature resistance, anti-fouling treatment, and REACH compliant.
• Hazardous Waste Disposal Service (环保事业) Hazardous waste disposal service with 30,000 tons/year capacity. Features computer remote-controlled incineration system with automatic feeding, large-diameter converter incineration, efficient waste heat recovery, and EU-standard emissions. Approved for HW02 medical waste, HW03 waste drugs, HW04 pesticide waste, HW05 wood preservative waste, HW06 waste organic solvents, HW08 waste mineral oil.
• PMMA/MS Optical Materials Polymethyl methacrylate (PMMA) and MS optical materials produced through wholly-owned subsidiaries Suzhou Double Elephant Optical Materials, Chongqing Double Elephant Optical Materials, and Wuxi Double Elephant Optoelectronic Materials. Annual capacity of 100,000 tons.
• Polyurethane Resin Polyurethane resin production with annual capacity of 45,000 tons, supporting vertical integration for the company's leather manufacturing operations.

Quantifiable outcome

• Annual production capacity: 30 million meters of microfiber leather and PU synthetic leather, 45,000 tons polyurethane resin, 100,000 tons PMMA optical materials
• +4 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Kuraray Co., Ltd. Japanese chemical and specialty materials company with major Clarino-branded artificial leather (microfiber/non-woven polyurethane) operations serving global footwear, automotive and luxury brands. Directly comparable to Wuxi Double Elephant as a major synthetic leather producer with similar automotive-grade and sustainability credentials.
• Toray Industries: Japanese diversified materials giant producing Ultrasuede and Ecrosuede-branded microfiber synthetic leather for automotive interiors, furniture, apparel and footwear. Competes with Wuxi Double Elephant in the high-end microfiber segment globally, particularly for premium automotive OEM applications.
• Asahi Kasei Corporation: Japanese diversified chemical manufacturer with significant synthetic leather (Lamous-branded) operations for automotive interiors and furniture alongside broader material businesses. Competes with Wuxi Double Elephant in automotive-grade microfiber leather with comparable ISO-quality positioning.
• Mitsubishi Chemical Corporation: Japanese chemical conglomerate producing PMMA (acrylic resin) optical materials and various specialty chemicals including synthetic leather inputs. Comparable to Wuxi Double Elephant's PMMA optical materials subsidiary operations while competing more broadly in industrial materials.

Direct peers

• Teijin Cordley: Japanese manufacturer of Cordley-branded recycled and bio-based microfiber synthetic leather targeting footwear, sporting goods and electronics applications. Highly comparable to Wuxi Double Elephant's bio-based (42% renewable) and GRS-certified microfiber leather offerings, with similar sustainability positioning.
• Mayur Uniquoters Limited: Indian manufacturer of PU/PVC synthetic leather serving automotive seating, footwear and upholstery markets globally. Comparable to Wuxi Double Elephant as a publicly listed pure-play synthetic leather producer with automotive OEM exposure and similar export-oriented business model.
• Anhui Anli Material Technology Co., Ltd. Chinese synthetic leather manufacturer (Shanghai-listed) producing PU and microfiber leather for automotive, footwear and furniture end markets. Direct domestic competitor to Wuxi Double Elephant with overlapping product portfolio and Chinese OEM customer base.
• Zhejiang Hexin Science & Technology Co., Ltd. Chinese manufacturer of PU and microfiber synthetic leather serving furniture, automotive, footwear and luggage segments. Direct domestic competitor to Wuxi Double Elephant with overlapping end markets and similar China-based manufacturing footprint.

Others

• Covestro AG: German polyurethane raw material supplier and producer of INSQIN-branded waterborne PU for coated fabrics and synthetic leather applications. Adjacent value chain participant and enabling supplier to the microfiber/PU synthetic leather industry in which Wuxi Double Elephant competes.
• BASF SE: German chemical giant supplying polyurethane resins, performance chemicals and additives to the global synthetic leather manufacturing industry. Enabling supplier and adjacent player to Wuxi Double Elephant's microfiber and PU leather operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wuxi-double-elephant-micro-fibre-material-co-ltd

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wuxi Double Elephant Micro Fibre Material