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Home > News > Chemicals

Why and where are Chinese modified plastics companies expanding overseas?

Source：Adsale Plastics Network Date ：2025-08-22 Editor ：VC

Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

In response to a complex and rapidly changing domestic and international landscape, Chinese companies are pursuing global expansion to enhance their market share. Adsale Plastics Network has summarized the international expansion strategies of major Chinese modified plastics companies as follows.

Kingfa: Nine overseas bases across three continents

In 2024, overseas sales accounted for 16.56% of the total revenues of Kingfa Sci. & Tech. Co., Ltd., and the company plans to increase this share to over 30% in the coming few years.

In 2013, Kingfa took a significant step in its internationalization by acquiring an Indian company. In 2016, the company’s U.S. modified plastics plant officially began operations, mainly serving the North American automotive market. That same year, Kingfa’s European subsidiary was established in Germany, focusing on supplying advanced polymer materials to major European automotive customers.

In 2022, Kingfa established its Japanese subsidiary. In 2024, the company’s production base in Vietnam commenced operations, mainly serving customers like Samsung and Midea.

In 2025, production has been started at the Cuenca base in Spain, focusing on recycled plastics with a planned capacity of 30,000 tons. Construction will also begin at sites in Mexico and Poland.

Additionally, Kingfa’s plant in Malaysia will expand its capacity to 30,000 tons by 2025, further strengthening the company’s presence in the Southeast Asian market.

Kingfa's plant in Mexico is located in the core industrial area of San Luis Potosí.

ORINKO: Developing “multi-base, small-scale” strategy

Orinko Advanced Plastics Co., Ltd. has established a production and sales network comprising seven domestic bases, one overseas plant, and one overseas office. In 2024, ORINKO’s overseas sales reached 17,000 tons, representing a year-on-year increase of 178.39%.

In 2017, ORINKO began exploring overseas markets and building its foundation abroad. The company began selling products in Southeast Asia and India, and it has been developing distributions in countries such as Hungary, Turkey, and Brazil.

In 2024, ORINKO established an office in Vietnam, further accelerating the localization of production and sales in Southeast Asia. That same year, the company’s factory in Thailand commissioned production, adding 50,000 tons of new annual capacity. This factory will serve as the company’s central hub covering the entire Southeast Asian region.

Looking ahead, ORINKO will continue to expand its global business, entering the markets in Europe, North America, Middle East and North Africa. Leveraging its high level of automated operation, the company plans to set up small-scale factories overseas, developing a “multi-base, small-scale, local for local” expansion strategy.

Dawn: International markets become focus of expansion

In the domestic market, Dawn Polymer operates nine production bases in key regions such as Shandong, Shanghai, Hebei, Chongqing, and Guangdong. With its domestic network now in place, the company is shifting its focus to international markets for future growth.

In 2024, Dawn Polymer established a joint venture in Russia, specializing in the research, development, production, and sales of modified plastics, marking a significant step in its global expansion. Additionally, the company plans to set up production bases in Southeast Asia and Mexico.

In 2024, Dawn Polymer’s modified plastics business achieved operating revenues of RMB 3.806 billion, representing 19.18% year-on-year increase, with production capacity nearing full utilization.

PRET: New materials and new energy growth engines

Since its establishment in 1993, Shanghai PRET Composites Materials Co., Ltd. has been engaged in the production of modified composite materials, which are mainly used in the automotive industry. In 2022, PRET entered the lithium battery sector, establishing a dual-engine strategy driven by new materials and new energy.

In 2015, PRET acquired Wellman Plastics Recycling LLC in the United States, marking its entry into the international market. It also set up a wholly owned subsidiary, PRET Holdings LLC, in South Carolina. That same year, PRET established a production base in San Luis Potosí, Mexico, focusing on producing modified plastics and composite materials.

In 2017, the company launched its wholly owned subsidiary, PRET Europe GmbH, in Germany, focusing on technological innovation in modified plastics, especially in high-performance materials such as LCP and high-temperature engineering plastics.

In 2025, PRET’s plant in Thailand will officially begin operations, mainly producing high-performance modified PP, modified ABS and PC alloys, modified PA, fiber-reinforced lightweight modified materials, as well as food-grade antibacterial materials and recycled plastics. The company also successfully completed trial production at its factory in Mexico.

PRET completed trial production at its factory in Thailand successfully.

POLYROCKS: Running four overseas production bases

Founded in 2007, Guangdong Polyrocks Chemical Co., Ltd. operates 10 subsidiaries and has an annual production capacity of 100,000 tons of modified plastics. The company offers over 200 product grades, including environmentally friendly modified polyolefin materials, modified engineering plastics, modified elastomers, and functional masterbatches.

POLYROCKS runs four overseas production bases in Vietnam, Cambodia, Nigeria, and Angola. The bases in Vietnam and Cambodia primarily produce flame-retardant plastics and other products, supplying raw materials to the local home appliances and electronics industries.

The two African bases—Nigeria and Angola—focus on producing flame-retardant plastics, sanitary nonwoven fabrics, and film materials to meet local demands for plastic products and sanitary materials in the African market.

Julong: Overseas revenues account for 25%

In recent years, Nanjing Julong Science & Technology Co., Ltd has steadily advanced its “4+2” strategic layout, which focuses on four core business segments: high-performance modified plastics, thermoplastic elastomer materials, carbon fiber composite structural parts manufacturing, and bio-based wood-plastic profiles. Additionally, it prioritizes upgrading intelligent manufacturing and pursuing international expansion.

In 2024, the company achieved impressive results, with sales in the automotive industry and new energy vehicle sectors reaching RMB 1.782 billion, marking a year-on-year increase of 31.24%. Julong has successfully become a supplier of new energy vehicle manufacturers such as BYD and SERES, as well as joint ventures like SAIC VOLKSWAGEN.

The company’s overseas revenues ratio rose to 25.6% in 2024. The Mexico plant officially began production in the second half of 2024, targeting the North American new energy vehicle market and various other sectors, effectively helping the company to navigate trade barriers.

Silver Technology: “China + Vietnam” production strategy

Overseas orders for smart lighting products for Guangdong Silver Technology Co., Ltd. saw significant growth in 2024. The company is accelerating the global expansion of its smart lighting business by setting up a lighting division in Vietnam and implementing the “China + Vietnam” production strategy.

In 2024, Silver Technology’s Vietnam base began operations, mainly producing a variety of high-performance modified engineering plastics, such as PP and PC. The facility also produces modified PVC, TPE, halogen-free polypropylene flame retardants, and materials for LED products.

The company’s 3D printing materials business also continues to expand on retail platforms in North America and Europe.

WOTE: Specialty polymers as main growth driver

Shenzhen WOTE Advanced Materials Co., Ltd. focuses on the development of specialty materials, with specialty polymers serving as its core growth engine. The company has established a fully integrated industry chain for key specialty materials such as LCP, PPA, PAEK, and PPS, including 25,000 tons of LCP resin production capacity, achieving vertical integration from upstream resin synthesis to downstream film products.

WOTE’s PEEK production line has completed equipment installation, with a planned production capacity of 1,000 tons set for 2025. The company continues to invest heavily in R&D, with the focus of innovation in advanced segments such as carbon fiber-reinforced PEEK and high-flow LCP films.

Additionally, WOTE is continuously expanding the applications of its products, actively entering sectors such as humanoid robots, AI servers, new energy vehicles, semiconductors, and healthcare.

WOTE is also advancing its globalization strategy, particularly by establishing factories in emerging markets. In 2023, the company established a wholly owned subsidiary in Haiphong, Vietnam.

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