China XD Plastics Company Limited announced the official signing of investment agreements between its subsidiary, Heilongjiang Xinda Enterprise Group Company Limited, and the Management Committee of Harbin Economic – Technological Development Zone with respect to the industrial project for 300,000 metric tons of biological composite materials, the industrial project for upgrading existing equipment for 100,000 metric tons of engineering plastics and the industrial project for a 3D printing intelligent manufacture demonstration factory and a 3D printing display and experience cloud factory.
“The official signing of the investment agreements for the Project is another milestone for the Company,” said Jie Han, Chairman and CEO of China XD Plastics.
“This Project will help the Company to expand its product mix into bio-based composites, 3D printing materials and functional masterbatch materials while maintaining our traditional petroleum-based materials. Paving the path to non-auto applications and further diversifying our company’s business as a key element of our strategic plan.