Mr. Zhao: China XD is the largest manufacturer of modified plastics for automotive applications in China. Its wholly owned subsidiary, Harbin Xinda Macromolecule Material Company Limited, was founded in September 2004 in Harbin, Heilongjiang Province, Northeast of China. Back to 1985, our CEO Mr. Jie Han founded Harbin Xinda Nylon Factory, the predecessor of the Harbin Xinda Macromolecule Material Company Limited. Our products are modified plastics primarily for automotive applications and modified plastics for special purpose applications. The company is engaged in research and development, manufacturing and distribution of modified plastics for automobiles. Our products have been widely used in the exterior and interior trim and functional components of more than 30 automobile models, including Audi, Red Flag, Volkswagen and Mazda. All the end-users of the company are included in the top 10 automobile manufacturers in China. So far, the company has obtained 117 certifications from the automobile manufacturers including FAW Group, Hafei Group and Brilliance Auto, which holds the largest number of certifications from the automobile manufacturers in China. The company sells 90% of its production to the automotive industry and the remaining 10% goes into oil field, mining, power stations and others. Currently China XD has 296 full time employees.
TWST: What is distinctive about your technologies? Are there any other companies
that are working along similar lines?
Mr. Zhao: Approximately, there are more than 1,000 companies in China engaged in
the production of modified plastics, but only about 70 of them are qualified to
supply their products to the automobile manufacturers and have a production
capacity of over 3,000 tons. China XD has its own R&D institution, Harbin Xinda
Macromolecule Material Research Institute, with a strong R&D team. Although
there is a high entry barrier for the automotive-use modified plastics industry,
we have accumulated 117 certifications through 25 years' practical experience.
Also, we have a qualified professional management team and a lot of supply
experience. In addition, we have a Science Advisory Board including seven R&D
advisers from the leading universities in China.
Tickers included in this excerpt: CXDC
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