The fact that Harbin Xinda polymer materials Co., Ltd. was successfully listed on NASDAQ shows that the R & D technology and development potential of China's new chemical materials industry have been internationally recognized
it is understood that as a representative enterprise in the field of engineering plastics, Xinda's shares were recently issued on the NASDAQ Global Exchange in the United States, which is also the first time that a Chinese engineering plastics enterprise has been listed on the Nasdaq, said Professor Chen Yongsheng
NASDAQ mainly selects the listing object according to the industry in which the enterprise is located and the development potential of the enterprise itself. Zheng Kai, Secretary General of China Engineering Plastics Industry Association, said that this move is a great encouragement to China's plastic new material industry
according to the introduction, Xinda has the Institute of polymer materials and the production equipment of modified plastics for automobiles, especially the production technology of automotive plastics, which has independent intellectual property rights. It can produce more than 100 kinds of modified plastics in six categories, with an annual production capacity of 70000 tons. New products of automotive plastics can replace imports
an investigation revealed that some advantageous enterprises in China not only have technological advantages, independent intellectual property rights, but also have realized industrial production in the aspects of blending modification, plastic alloy, halogen-free flame retardant, nanocomposites, multifunctional environmental protection rare earth additives and the development of some special engineering plastics, while some products and technologies are also exported to developed countries
according to the analysis and prediction from China Engineering Plastics Industry Association, the total demand for modified plastics in China is expected to reach 7million tons and the total demand for engineering plastics will reach 2.3 million tons by the end of the "Eleventh Five Year Plan"
according to Zheng Kai, during the "Eleventh Five Year Plan" period, China will basically complete the establishment of the engineering plastics industry; Break through some bottlenecks that restrict the development of industrialization, so that some varieties can be competitive in the market and increase the market share under the pressure of collection and payment in the industry; Improve the industry concentration, and strive to form a number of backbone enterprises with an annual output value of more than 1billion yuan at the end of the "Eleventh Five Year Plan", which can improve the product quality level by relying on independent intellectual property rights
note: this reprint is for the purpose of transmitting more information, and does not mean that the policy is to escort the development of recycled plastic granulator, agree with its views or confirm the authenticity of its content
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