LUOHE, Henan—Chinese rubber compounder Guanlian New Material Technology, also known as Gualn, has signed an agreement with local authorities to build a new material industrial park in Luohe.
Comprising six rubber product projects—–including automotive low pressure hose, sealing rings and damping air cushions—the site will require an investment of $142 million and will span 1.94 million square feet according to Guanlian.
Guanlian has not responded to ERJ's request for more information on the park.
Based in Suzhou, China, Guanlian was establoshed in 2004, and today has 400 employees. It has a compounding capacity of 200,000 metric tons per year using 10,000 formulae, with mixer volume ranging from 0.8L to 430L.
The company's clientele includes an array of industry leaders such as ContiTech, Sumitomo Riko, Bridgestone and Dunlop, covering industries such as automotive, shipping, mining, railroad, aerospace, construction and sports equipment.
Guanlian is planning a China IPO and filed its pre-listing registration in December.