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    Home > Chemicals Industry > Rubber Plastic News > Dawn and Hebei Trillion set up a joint venture to develop new polymer materials business

    Dawn and Hebei Trillion set up a joint venture to develop new polymer materials business

    • Last Update: 2022-08-23
    • Source: Internet
    • Author: User
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    Meltblown cloth is an important source of medical and sanitary cloth, which can be used to manufacture protective clothing, surgical gowns, masks and other products


    .


    Shandong Daon Polymer Materials Co.
    , Ltd.
    (hereinafter referred to as "Dawn Co.
    , Ltd.
    ") is a large-scale domestic manufacturer of polypropylene meltblown material for mask cloth.
    Starting from the independent research and development of polypropylene meltblown special material for mask cloth in 2003, it has gradually developed from a The series of varieties have become key products.
    After 17 years of accumulation, both in terms of technology and output, they are already well-known domestic manufacturers, with a market share of about 40%


    .


    Based on the company's strategic layout and the need to strengthen and expand the meltblown material business, on May 15th, Dawn and Hebei Trillion Special New Material Manufacturing Co.
    , Ltd.
    (hereinafter referred to as "Hebei Trillion") signed the "Investment Agreement", by The two parties jointly invested in the establishment of Dawn Trillion (Hebei) Polymer Materials Co.
    , Ltd.
    to carry out new polymer materials business such as meltblown materials


    .


    The registered capital of the newly established company is 30 million yuan, of which Dawn Co.
    , Ltd.
    contributed 15.
    3 million yuan, accounting for 51%; Hebei Trillion invested 14.
    7 million yuan, accounting for 49%


    .


    Equity composition

    The new company's business scope: research, development, production, technology transfer and technical services of modified plastics and meltblown materials; import and export of goods and technologies license operation)


    .


    Daon shares and Hebei Trillion invested in establishing a joint venture company in Hebei through cooperation, which can achieve complementary advantages and common development; it is conducive to sharing local resource advantages and location advantages, driving the development of the company's business sector, and expanding the production of meltblown materials.
    Sales, increase the company's profitability, and maintain the company's meltblown material industry status


    .


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