On January 4, Qingdao Blackcat New Material Research Institute Co., Ltd. secured land of 40 mu in the auction for transferring the right to use state-owned construction land in Huangdao District, Qingdao City, which gave the company a “foothold” for its R&D of nanometer carbon composite new materials.

Qingdao Blackcat Research Institute is a wholly-owned sub-subsidiary of Jiangxi Blackcat Carbon Black Inc, Ltd. According to the company, the land that is secured this time would provide basic guarantee for the smooth construction of the Qingdao Blackcat Research Institute project, boosting the transformation of the R&D results of the company, which is beneficial for the strengthening of the comprehensive competence of the company and the long-term development of Qingdao Blackcat Research Institute.