In June 2018, Taixing K-fab Technology & Materials Co., Ltd. invested 30 million yuan in the new plant area. The new district address is located in the roots industrial cluster area of Taixing City, Jiangsu Province, covering an area of 15 acres, from the G2 Beijing-Shanghai Expressway Taixing North Exit 2 Kilometers, convenient transportation, good conditions for entering and leaving the ship, mainly new integrated workshops, experimental office buildings, and ancillary buildings.
On December 8, 2017, our company successfully won the land use right of Block TX17G-164 in Taixing City, Jiangsu Province with an auction price of 379.075 million yuan. Block No. TX17G-164 is located in the Gensi Industrial Cluster in Taixing City, Jiangsu Province. It has excellent geographical and environmental conditions and will be used to build office buildings for glass fiber high temperature cloth and its products and 1#, 2#, 3#, 4# workshop.
With the continuous enhancement of the strength of Taixing K-fab Technology & Materials Co., Ltd. and the increasing scale of cooperation projects with customers, Kaipeng synthetic materials have entered a new stage of development. In order to adapt to the company's further development strategy to seize the market and increase brand competitiveness, our company will increase the registered capital to 10 million yuan. On September 21, 2017, the company obtained the new business license issued by the market supervision bureau of the company. Completed the work of increasing the registered capital affairs.