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Data show that Huaxi Bio is the world's largest transparent sodium acetate research and development, production and sales enterprises, in 2019 the global market share reached 39%.
2004, Huaxi Bio began to promote the expansion of the scope of application of sodium hyalurino acid, the year declared sodium hyalurogenate as a new resource food, and was approved in 2008, but the scope of application is limited to health food raw materials.
It is worth mentioning that in June 2020, Huaxi Bio announced the acquisition of Dongying Forst Bioengineering Co., Ltd. for 290 million yuan, the company's main production and sales of sodium hyalurinoate raw materials, and food-grade- mainly cosmetics-grade supplement, sodium hyalurogen in 2018 put into operation, with an annual production capacity of 100 tons.
for the acquisition of Forsyth, Huaxi Bio intends to enhance the company's overall production capacity of hyalurinoic acid, enrich the raw material sales area, to achieve industrial synergies in the sodium hyalurogenic acid business.
After the approval of new food raw materials, Huaxi Bio said it will fully grasp the opportunity of the industry, mainly from two aspects to promote the development of the food business: food-grade sodium hyalurogenic acid raw materials business, with the company's many years of experience in overseas promotion of food-grade sodium hyalurogenic acid raw materials business, At the same time, relying on the company's scientific and technological advantages in basic research and applied basic research, to assist customers to develop more food added sodium hyalurino acid, functional food, the company will work with partners, the formation of its own team and other ways to develop related products, including oral liquid, florets, tablet candy and so on.