The unveiling ceremony of Guizhou Guilyu Huaxin New Material Co was held in the county-level city of Qingzhen in Guiyang, Southwest China's Guizhou province, on Oct 10.
The company was reportedly invested by Guiyang Industrial and Commercial Investment Group Co and Qingzhen Industrial Investment Co, and its construction projects are based in industrial parks in Qingzhen and Baiyun district.
The sales revenue of the firm is expected to reach 5 billion yuan ($750 million) in 2024 and eight billion yuan in 2026.
The Qingzhen government at the unveiling ceremony signed a strategic cooperation agreement with Guiyang Industrial and Commercial Investment Group Co. The two sides vowed more actions to build the national sustainable demonstration zone in the Qingzhen Economic and Development Zone, and make more efforts in new urbanization, supply chains and modern logistics.