On September 25th, the delegations of “Rubber Industry Reform and Innovation Breakthrough Theme Summit in Post-epidemic Era & 2020 China Tire Enterprise Ranking Press Conference” visited the mask and phenolic resin production line, testing center, and products showroom of Shengquan Group.

Shengquan Group was founded in 1979 and has more than 3,700 employees. It is a high-tech enterprise in three major resins, including phenolic, furan, epoxy, and four fields of new composite materials, biomass industry, health industry, and biopharmaceutical industry. The group is one of the China top 500 private enterprises in the manufacturing industry.

At present, the annual production capacity of phenolic resin products of Shengquan Group is 400,000 tons, ranking first in Asia. The company started construction of a 230,000-ton/year project in 2019 and is expected to have a production capacity of 600,000 tons after it is put into operation in 2021, which will rank first in the world by then.