China XD Plastics Company Limited (CXDC) to Increase Capacity at Plant in China
China XD Plastics Company Limited announced that the company is allocating capital over the next year to increase manufacturing capacity of plastics at its factory in China. The company said that it was taking the action due to increased demand for its products. “We are pleased to announce our capacity expansion plans in the context of the rapid growth of the auto industry in China and the Company's strengthening competitive position, said Jie Han, the CEO of China XD Plastics Company Limited. China XD Plastics Company Limited said that the company would spend $20 million to purchase equipment to be…