HARBIN, China, December 3, 2014 /PRNewswire/ — China XD Plastics Co., Ltd. (NASDAQ: CXDC, "China XD Plastics" or the "Company"), one of China’s leading specialty chemical producers engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that its subsidiary Heilongjiang XD Enterprise Group Co. ("Heilongjiang XD") was elected as the first presiding enterprise of Harbin New Materials Industry Association (the "Association"), at the Association’s inaugural meeting held on December 3, 2014 in Harbin, China.
Harbin New Material Industry Association (the "Association") is an industry management organization established under the auspices of the Harbin city government. The Association was created to integrate the material, technology and enterprise resources of its members, in order to realize the mutual benefits of combining complementary advantages. The Association promotes continuous and rapid growth of the new material industry, with the goal of making it a core industry of Harbin. The Association is well-received and fully supported by the leading new materials companies in the city. Representatives from the Association’s over 70 member organizations attended the inaugural meeting, including prominent private companies across the full value chain, large state-owned enterprises, research institutions and universities, as well as the deputy mayor of Harbin, Mr. Xianyou Zhang, who is also in charge of promoting the new material industry in the city. At the inaugural meeting, the Association elected its president, vice president, executive director, secretary and secretary-general. Heilongjiang XD was elected as the first presiding enterprise of the Association.
Mr. Jie Han, Chairman and the Chief Executive Officer of China XD Plastics, commented, "We are honored and inspired to have Heilongjiang XD elected as the presiding enterprise of Harbin New Materials Industry Association. The Association will serve as a bridge between government, the industry and enterprises, as well as a think tank to assist the government in its planning and decision-making for the industry. The Association aims to serve its members by promoting the industry and creating added value. We will obey the market rules and constantly strive to improve the Association’s service quality."
The Association will have a positive impact on the upstream petrochemical, bio-based and graphite industries, as well as the downstream injection molding, biomaterials, 3D printing and related industries by integrating technology, industry information, capital, and talent resources. As an industry leader with international influence, a global sales network, a long operating history, and a solid industry foundation, China XD Plastics is in a unique position to help the members of the Association to transform the latest technology into production, to stimulate local economic growth and industrial development and to enhance general awareness and influence of the new material industry.
About China XD Plastics Company Limited
China XD Plastics Company Limited, through its wholly-owned subsidiaries, develops, manufactures and sells polymer composites materials, primarily for automotive applications. The Company’s products are used in the exterior and interior trim and in the functional components of 25 automobile brands manufactured in China, including without limitation, AUDI, BMW, Toyota, Buick, Mazda, and VW Passat, Golf, and Jetta. The Company’s wholly-owned research center is dedicated to the research and development of polymer composites materials and benefits from its cooperation with well-known scientists from prestigious universities in China. As of September 30, 2014, 311 of the Company’s products have been certified for use by one or more of the automobile manufacturers in China. For more information please visit the Company’s English website at http://www.chinaxd.net, and the Chinese website at http://www.xdholding.com.
China XD Plastics
Mr. Taylor Zhang
CFO (New York)
US Phone: +1 (212) 747-1118
Mr. Gary Dvorchak, CFA
Senior Vice President
US Phone: +1 (310) 954-1123
China Phone: +86 (138) 1079-1408
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