Recently, Shandong Development and Reform Commission has approved Shandong Yanggu Huatai Chemicals to build up plant overseas.
The file showed that Yanggu Huatai Chemicals planned to build up a subsidy in Belgium, and provide purchasing, logistics and storage serve for European customs.
In 2019, price of China's rubber acid production year-on-year decreased, suffering market environment change in the world.
Yanggu Huatai Chemicals' annual report said that the company's sales income and net profit both declined in 2019.
In 2019, the company realized 2.014 billion yuan of sale revenue, yearly decreasing 3.25%, and 184 million yuan of net profit, diving 49.8%.
Yanggu Huatai Chemicals said it would focus on building up complete international marketing system in 2020, including building up European Company.
They planned to increase production sales, and lift its market share in the world.
Shandong Yanggu Huatai Chemical Co., Ltd. is a professional manufacturer of rubber additives. Founded in 1994, it is a joint-stock private enterprise. Yanggu Huatai is a backbone enterprise in China's rubber auxiliaries industry, chairman of the Rubber Additives Professional Committee of China Rubber Industry Association, and “Top 100 Fine Chemicals in China”.
