Profile: China XD Plastics Company Ltd (CXDC.OQ)

CXDC.OQ on NASDAQ Stock Exchange Global Market

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China XD Plastics Company Limited (China XD), incorporated on December 1, 2005, is a specialty chemical company. The Company is engaged in the research, development, manufacture and sale of modified plastics for automotive applications in China and to a lesser extent, in Dubai, the United Arab Emirates (UAE). The Company operates in the modified plastics segment. Through its subsidiaries, Heilongjiang Xinda Enterprise Group Company Limited (HLJ Xinda Group) and AL Composites Materials FZE (Dubai Composites), the Company manufactures and sells polymer composite materials (including modified plastics), for automotive applications. The Company develops its products using its technology through its research laboratory, Heilongjiang Xinda Enterprise Group Macromolecule Material Research Center Company Limited (HLJ Xinda Group Material Research).

The Company provides specially engineered plastics for use in oil-field equipment, mining equipment, vessel propulsion systems and power station equipment. China XD's end-market is the Chinese automotive industry where its modified plastics are used by customers to fabricate the auto components: exteriors, including automobile bumpers, rearview and side view mirrors, and license plate parts; interiors, including door panels, dashboard, steering wheel, glove compartment and safety belt components, and functional components, including air conditioner casing, heating and ventilation casing, engine covers and air ducts.

The Company has also its presence in the Republic of Korea (the ROK) by selling higher-end PA66 and plastic alloy. The Company operates approximately three manufacturing bases in Harbin, Heilongjiang in the People's Republic of China (the PRC). The Company's products categories include Modified Polypropylene (PP), Modified Acrylonitrile Butadiene Styrene (ABS), Modified Polyamide 66 (PA66), Modified Polyamide 6 (PA6), Modified Polyoxymethylenes (POM), Modified Polyphenylene Oxide (PPO), Plastic Alloy, Modified Polyphenylene Sulfide (PPS), Modified Polyimide (PI), Modified Polylactic Acid (PLA) and Poly Ether Ether Ketone (PEEK).

The Company's PA66 is used in roof handles, door knobs, transmission connection plates, fan shrouds, glovebox assembles, engine hoods, stents baffle blocks, trajectory and fasteners. Its PA6 is used in inner door knobs, door knobs, hand shanks, transmission connection plates and visor bases. Its plastic alloy is used in instrument panels, instrument frames, shields, automotive center stacks, speaker covers, grids, fog light shells, battery bases, seat armrests and luggage holders. Its PP is used in Instrument panels, inner panels, columns, bumpers, air conditioner shells, door knobs and mudguards. Its ABS is used in heat dissipating grids, steering wheel shells, cup holders, seal banks, instrument panels, inner door knobs and wheel covers.

The Company's POM is used in heater fans, signal lamps switches, gas reseior covers, door knobs, hand shanks, fuel pumps, dynamic valves, accelerator pedals and rampetior elements. Its PPO is used in battery plants, lamp holder insulation parts, anti-freezer grids, booms, instrument panels, window frames, tool cabinet covers, handwheel boxes, heater holders, heater baffles, cooling system connections, pump strainer nets and ammeler frameworks. Its PPS is used in air bleed control valves, pneumatic signal conditioners, sparks plug wire insulation covers, tachometer sensor covers, electrical pumps, fuel pump impellers and covers, air cylinder covers and water pump impellers. Its PLA is used in glove box handle, seat cover and rearview mirror shell. The Company's PI is used in compressor blade, piston ring, sealing washer, bushing, gear and brake block. Its PEEK is used in communications and transport electronics and electrical appliances, machinery, medical and analytical equipment.

The Company competes with Guangzhou Kingfa Science & Technology Co., Ltd. and Shanghai Pret Composites Co., Ltd.

Company Address

China XD Plastics Company Ltd

500 5th Ave Ste 960
HAERBIN   HNG   150060
P: +86451.84346600

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