Guanwei Recycling (NASDAQ:GPRC)

Guanwei Recycling became public via a reverse merger transaction on On November 5, 2009.

Guanwei is principally engaged in the production and distribution of low density polyethylene (LDPE) and other recycled plastics products and is China’s largest manufacturer of LDPE. Based in Fuqing City, in the Fujian Province of China, Guanwei is the only plastic recycler in China to import all of its raw materials (i.e. plastic waste) from Europe (primarily Germany) where the cost of processing plastic waste is significantly higher than in China. The Company’s products are sold to customers in a wide range of industries, including food packaging, shoe manufacturing, architecture and engineering products, industrial equipment and supplies, and chemical and petrochemical manufacturing. Guanwei operates its business in compliance the highest environmental standards in order to meet the stringent requirements of both German and Chinese authorities. In fact, Guanwei is the only Chinese manufacturer to be issued a “Plastics Waste Processing License” by the German Environment Audit Association.

Reverse Merger Filing

Last updated December 28, 2009