With the completion of private placement, Tonggong Lixing's new round of production capacity "doubling" officially started. According to reports, the total raised funds of 712 million yuan in the non-public offering is mainly used to improve production capacity and upgrade the national R & D center. After all the projects are raised and invested, the company's overall production capacity will be nearly doubled compared with the current growth.

At the same time of expanding production capacity, Tonggong Lixing pays attention to the mutual promotion of production and marketing growth and technological progress. The company takes the lead in new materials and other emerging industries, in the industry to promote special masterbatches, special inks and coatings, nano modified plastics, PCR recycling materials are widely used, packaging reduction and environmental protection has achieved remarkable results.

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