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Chinese stocks: Xinda Group China XD Plastics Company Limited (CXDC)

China XD Plastics Company Limited (NASDAQ: CXDC) was founded in 1985 and is headquartered in Harbin, China. It employs 2,461 full-time employees. Together with its subsidiaries, it modifies plastics for automotive applications in the People’s Republic of China and Dubai, United Arab Emirates. Research, development, manufacturing and sales.

China XD Plastics Company Limited

China XD Plastics Company Limited (CXDC):

Founded in 1985, China Xinda is the first manufacturer of polymer composite materials for domestic vehicles in China. The company has always focused on the R&D and production of polymer materials for automobiles, and was listed on the Nasdaq in 2009 as the first polymer materials company in Greater China.

In 2011, China Xinda Group successfully established a national-level enterprise technology center jointly recognized by five national ministries and commissions.

At present, Xinda has formed a group company structure with Beijing headquarters as the domestic strategic operation center to centrally control five operation bases in three regions and the Shanghai global R&D center.

China Xinda Company covers an area of ​​779,000 square meters. The five major polymer material production bases are equipped with over 200 first-class production lines in the industry, with an annual production capacity of 700,000 tons. There are more than 600 cooperative customers. The company’s main business The production and sales volume of polymer materials for automobiles has been ranked first in China’s industry for many consecutive years. In 2016, it was rated as one of the top 100 listed chemical companies in China by the China Petrochemical Federation (ranked 40th).

The development of Xinda in the past 30 years can be divided into three periods. The first 10 years after the establishment of the company is the R&D reserve period. During this period, the company has realized the accumulation of product formulas and processes, which is the second 10-year industrial scale. The establishment of a 10,000-ton production base and a 45,000-ton production base has laid a solid foundation. In the third 10-year integration and expansion period, the company has successively completed the construction of Heilongjiang 120,000 tons and 225,000 tons production bases, and also completed The foundation stone was laid for the domestic Sichuan 300,000-ton production base and the overseas Dubai 12,000-ton production base.

In 2016, the 300,000-ton polymer composite material production base in Sichuan was officially put into operation. At the beginning of 2017, China Xinda just announced a new project with a total investment of 2.5 billion yuan in its Phase II bio-based composite materials and additive manufacturing (3D) printing material production base in Nanchong, Sichuan.

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