Guanwei Recycling Corp., a China-based manufacturer of recycled low density polyethylene, has been approved by NASDAQ to be listed on the stock exchange. Starting on April 15, the company will be traded on the NASDAQ under the symbol GPRC.
The company recycles scrap plastics, shipped primarily from Europe, into LDPE that it markets to customers throughout China.
Chen Min, chairman and CEO of Guanwei, says, "We are extremely pleased to have achieved a NASDAQ listing and see it as another important milestone for our rapidly growing company that should help broaden our investor base and further improve our visibility."
The company touts that its manufacturing efforts adhere to solid environmental efforts, noting that it is one of the few plastic recyclers in China that has been audited by TUeV Rheinland Cert GmbH for compliance with German pollution and environmental standards, which allows the company to procure high quality plastic waste directly from European sources, with no middlemen.
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