Hubei Guoxin Juzhi New Material Technology Co., Ltd. (hereafter be refereed as Guoxin Juzhi) was established in December, 2020. The company is a wholly-owned subsidiary of Baiwo Environmental Technology (Wuhan) Co., LTD. With a total investment of 530 million yuan, Guoxin Juzhi covers an area of 150 mu, located in Tianjiahe area, Yaojiagang Chemical Park, Yichang. The first phase of investment is 150 million yuan, the land is 50 mu, and the annual output of 100,000 tons of film grade PETG slice is built. The second phase of the project covers an area of about 100 mu, and will build a bottle-grade PETG slicing polymerization and viscosification production plant with an annual output of 250,000 tons.

The company's products include membrane grade PETG slices and bottle grade modified PETG slices. Membrane grade PETG slices can be mainly used to manufacture high-performance shrink films, which are applied to shrink packaging of beverage bottles, food and cosmetics and shrink labels of electronic products. In recent years, bottle grade modified PETG slices, with its high transparency, safety, low price, not easy to age, easy to recycle and many other advantages, quickly become the ideal packaging material, and passed the inspection of the United States, Europe and Japan, including the rather strict food hygiene law, in the fresh cold chain, dairy products, daily chemical, seasoning and other fields to achieve the gradual replacement of paper, glass, metal and other plastics.