Shandong Yanggu Huatai Chemical Co., Ltd. plans to set up a wholly-owned subsidiary in the U.S..
The new company, called Huatai Chemical (U.S.) for now, was registered in Wilmington, Delaware, with a registered capital of 2 million U.S. dollars.
Yanggu Huatai plans to wholly control the U.S. company with its own capital.
Business scope of the new company will be import, export and sale of chemicals; production of chemicals, and import, export and sale of testing equipment.
According to an authority with Yanggu Huatai, setting up the new subsidiary aims at boosting the sales in North America, satisfy the demand for business development, enhance the market competitiveness of the product and strengthen market exploration.
North America is the second largest export destination of Yanggu Huatai, the investment is of positive meaning for future development of the company in terms of market development for new products as well as product sales in North America.
