Guanwei Recycling Corp. (GURC.OB) Doubles Suppliers, Customers Up 50%
Guanwei Recycling Corp., China’s largest recycled low-density polyethylene (LDPE) producer, which is German Environment Auditing Association-certified (allowing them access to high quality plastic waste from Europe), disclosed today that the Company has entered this year with twice as many suppliers and an increase of 50% in the number of its customers. Set to show FY 09 results this month, GURC picked up 90 new customers in 10 different industries in the second half of 09 due in large part to the rebounding Chinese economy – an increase most strongly represented among the Company’s new customers, who are building and infrastructure…