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China to get new plastics research center

China XD Plastics Company, the largest Chinese manufacturer engaged in the development, manufacture, and distribution of modified plastics primarily for use in automotive applications in China, today announced that the Company will establish of a new Research Center.

"One word ... plastics," Walter Brooke's character says to Dustin Hoffam in the 1967 movie "The Graduate." "There's a great future in plastics," he adds. Four decades later, there's still a great future in plastics.

China XD Plastics Company, the largest Chinese manufacturer and distributor of modified plastics for use in automotive applications, today announced the company will establish a new plastics research center named Harbin Xinda Macromolecule Material Engineering Center Co.

According to the company, the new research center will provide technical support for the Company's recently expanded modified plastic production base and enhance its research and development capabilities for modified plastics in new applications.

"We are very pleased to announce this new research and development center, which will enhance our research and product development efforts, increase our ability to influence the industry, and provide us with a powerful platform to achieve our growth targets, while at the same time qualifying for as a State level research center," said Mr. Jie Han, chairman and chief executive officer of China XD Plastics.

The new facility will be fully operational in early 2011.