Red Avenue New Materials Group Co LtdSHG 603650 Stock Report

Red Avenue New Materials Group Co., Ltd. engages in the research and development, production, sales and related trading business of fine chemical new materials. The company is headquartered in Shanghai, Shanghai and currently employs 970 full-time employees. The company went IPO on 2018-06-27. The firm's main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins. The firm's products are mainly applied in tires, as well as hoses, adhesive tapes, rubber shoes and other rubber products. The firm is also engaged in the trading of homogenizers, tackifying resins, adhesives, cobalt salts, white carbon, protective waxes, environmentally friendly oils and other processing aids.