Yuanjing Resources Becoming First Reclaimed Rubber Enterprise Listed in National Equities Exchange and Quotations

07 November 2016 | Source from China Rubber Journal

Lately, Guangxi Yuanjing Resources Regeneration Co., Ltd. got listed in National Equities Exchange and Quotations to become the first comprehensive utilization of waste rubber enterprise got listed in National Equities Exchange and Quotations, with the stock code as 837805.

This company is a hi-tech enterprise mainly engaged in comprehensive utilization of waste rubber and waste tires, with the main products as YP03 activation rubber powder series, SBS coiled material modifier and road modified bitumen special rubber powder series, which are mainly applied to bitumen modification and road modified bitumen modification in construction waterproofing. Its major clients are Weifang Hongyuan Waterproof Materials Co., Ltd., Tangshan Desheng Waterproof Co., Ltd., Liaoning Dayu Waterproof Science and Technology Development Co., Ltd., Hengshui Zhongtiejian Earthwork Material Manufacturing Co., Ltd., etc.

The main business income of this company in 2014 and 2015 were respectively 37.12 Million Yuan and 50.74 Million Yuan, and the main business gross margin were respectively 12.31 Million Yuan and 20.95 Million Yuan.

The raw materials of this company mainly consist of waste tires, waste rubber shoe soles, EVA additive, etc., all of which are outsourced. This company always pays attention to R&D and input in comprehensive utilization of waste rubber technology, with the motive power of R&D mainly from technical demand of development of construction waterproofing industry and road modified bitumen industry for rubber powder. The company independently develops core technologies such as quantitative desulfurization of waste rubber, multi-path chemical modified waste rubber powder, waste rubber low-temperature modified bitumen, etc. 

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