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On July 16, Guangdong Jushi Chemical Co.
, Ltd.
(hereinafter referred to as "Jushi Chemical") announced that on July 15, 2021, Hunan Jushi Technology Co.
, Ltd.
completed the industrial and commercial registration and obtained the market in Anren County.
"Business License" issued by the Supervision Administration
.
Hunan Jushi Technology Co.
, Ltd.
is a holding subsidiary established by Jushi Chemical with a registered capital of 50 million yuan.
Jushi Chemical holds 65% of the shares and is included in the scope of consolidated statements
.
According to the announcement, Hunan Jushi Technology's business scope includes: research and development, production and sales: rubber and plastic additives, modified polymer materials, wires and cables, sheets, plates, profiles, environmentally friendly degradable materials and products
.
According to previous news, with Hunan Jushi Technology as the main body of implementation, it is planned to build a production base project of modified plastic particles and wire and cable products in the concentration area of Anren County, Hunan Province (hereinafter referred to as the "Project"), with a total investment of no more than RMB 160 million.
The project is mainly engaged in the production and construction of modified plastic particles and wire and cable products
.
Modified plastic particles can be differentiated by using the company's own flame retardants to reduce production costs
.