On July 1, the opening ceremony, Chunghe Andong (Ningbo) Polymer Technology Co., Ltd., a joint venture founded by Tianjin Chunghe Compounding Co., Ltd. and Ningbo Andong New Materials Co., Ltd., was held in Ningbo Beilun Rubber Industrial Park, with the main business as production of rubber compound.

Zhong’an Company, as the 7th subsidiary of Tianjin Chunghe Rubber Industry Group following the subsidiaries in Tianjin, Hebei, Chongqing, Chengdu, Liuzhou and Xingtai, will take East China Headquarters as the positioning and has possessed high-level R&D management team and advanced rubber compound equipment. As for the planning of the second phase, the company will continue to input two sets of advanced mixing production equipment to satisfy the demands of different customers with higher requirements.