Profile: Guanwei Recycling Corp (GPRC.O)
11 Dec 2013
Guanwei Recycling Corp., incorporated on December 13, 2006, is engaged in the manufacture and distribution of low density polyethylene (LDPE) and other recycled plastics products, using imported raw material in the form of plastic waste. The Company’s products are sold to customers in a range of industries, including shoe manufacturing, architecture and engineering products, industrial equipment and supplies, and chemical and petrochemical manufacturing. The Company procures raw material in the form of unrecycled plastic waste from its suppliers and uses this material to manufacture recycled plastic grains, which are then sold to manufacturers of consumer products in various industries. The Company’s wholly owned subsidiaries include Hongkong Chenxin International Development Limited and Fuqing Guanwei Plastic Industry Co. Ltd.
The Company’s LDPE products are used in the manufacturing of chemical and functional fibers, and is the main raw material for shoe soles, insulation material, fire-proofing and water-proofing material, and foam. The Company manufactures a number of recycled plastics products made from LDPE. It produces four types of LDPE plastic grains. The grade is determined by the color of the plastic grain, with higher grade denoting that the grain is whiter. All of the Company’s products are manufactured in its 64,000 square meter storage and manufacturing facility located in Fuqing City. It has a sewage treatment area for processing the waste water used in the manufacturing process, which exceeds 4,800 square meters.
The Company competes with Fujian Huaxia Plastics Corp. and Youfeng Plastics.
Guanwei Recycling Corp
Rong Qiao Economic Zone
FUQING FUJ 350301