JD Capital-invested Quechen Silicon Chemical Listed on the NEEQ
Recently, Quechen Silicon Chemical Co., Ltd. (Quechen Silicon Chemical, 835656, invested by JD Capital) was officially listed on the National Equities and Exchange Quotations (NEEQ).
Since its establishment, Quechen Silicon Chemical has been focusing on the R&D, production and sales of precipitated silica, or white carbon black products. In addition, the company also produces other products widely used in relevant sectors, including white carbon black for rubber industry, feed additive silica, and silica for oral care.
At present, the demand for silica in Asia accounts for 34% in the global market, the largest proportion in the world. As countries in Europe, the US, and Japan have introduced tire labeling regulations, silica sector for tire production is expected to enjoy a rapid growth in the future. With the development of rubber industry, China has become the largest producer of white carbon black. The growth rate of its domestic demand for the products is expected to reach around 10%, and that of highly dispersive silica for green tires will exceed 15%.
JD Capital became the second largest shareholder of Quechen Silicon Chemical in 2011, holding 6.67% stake before the public transfer. So far, 38 companies invested by JD Capital have been listed on the NEEQ.