China XD Plastics Company Ltd., the largest Chinese manufacturer of modified plastics, went listed on the Nasdaq Market in New York late Thursday, Beijing time, the company said.

The new material producer, through its wholly owned subsidiary Harbin Xinda Macromolecule Material Co. Ltd in Heilongjiang Province, develops, manufactures and distributes modified plastics primarily for use in the automotive applications in China.

The listing indicated that Chinese plastic industries had attracted the international attention, said Zheng Kai, secretary general of China Engineering Plastic Industry Association.

The company produces 70,000 tonnes of plastic products annually with 19 production lines and is expected to increase its output to 300, 000 tonnes in 2013, said Han Jie, board chairman and chief executive officer of the company.

Comments