 China
XD Plastics Company Limited (CXDC) is a Chinese manufacturer of
modified plastics, primarily for use in automotive applications. The
company was founded in 1985 and is based in Harbin, China.
CXDC
produces modified plastics that are used in a variety of applications,
including automotive exteriors and interiors, electrical equipment,
and consumer electronics. The company's products include
acrylonitrile-butadiene-styrene (ABS) plastics, modified polypropylene
(PP) plastics, and polyamide (PA) plastics.
CXDC has a
manufacturing facility in Harbin, China, which is capable of producing
over 400,000 metric tons of modified plastics per year. The company
also has a research and development center, which is focused on
developing new products and improving existing ones.
CXDC is
traded on the NASDAQ stock exchange under the ticker symbol "CXDC". As
of March 24, 2023, the stock price is $0.83 USD and the market
capitalization is $30.65 million USD. The company has faced financial
difficulties in recent years, with declining revenues and net losses,
as well as legal issues related to allegations of accounting fraud.
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