The group believes that with the completion of these expansion projects, its market leadership position will be further strengthened.
Since the start of the pandemic, the group has not implemented any job cuts across its businesses; all its employees have returned to work. It added that the group is also not in breach of any Covid-19 restrictions placed by China’s central and local governments. The group said that it produced and sold approximately 60,000 tons of rubber chemicals between January and May 2020, and that its production facilities are now running at 70-80 per cent utilisation rate due to lower demand from its customers, especially its overseas ones.
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