Hongda Signs Agreement to Acquire Former Ningbo Rubber Co. Plant Site

On the afternoon of October 26, the signing ceremony for the transfer of the former Ningbo Rubber Co., Ltd. plant site was held at the Ningbo Marriott Hotel. Senior executives from the seller, Ningbo Rubber Co., Ltd., and the buyer, Ningbo Hongda Group, attended the ceremony, along with invited guests including Yu Baofu, former director of the Ningbo Economic Commission and former head of the Chemical Industry Bureau, and Zhang Huasheng, vice chairman of the Ningbo Chemical Industry Council for the Promotion of International Trade.

Yu Baofu chaired the ceremony, giving a brief overview of the project, recapping the negotiation process between the two parties and congratulating both sides on its completion. Yuan Junjie, general manager of Ningbo Hongda Group, and Ms. Dorella, CEO of Ningbo Rubber Co., Ltd., then jointly signed the transfer agreement, followed by a group photograph. The ceremony was short and warm, with a genuinely friendly atmosphere throughout.

The former Ningbo Rubber plant site is located in the Ningbo Petrochemical Economic and Technological Development Zone and covers approximately 33 mu (about 2.2 hectares), with standardized production buildings, an office building and supporting facilities. Following the acquisition, Ningbo Hongda Group plans to partner with research institutions to establish an R&D base, with the aim of providing companies in the development zone with valuable industry development information along with high-end product testing and technical R&D services.

Written by Hong Ren