Ningxia Ningdong Taihe New Materials Co., Ltd. announced that it expects to receive CNY 400 million in funding from Ningxia Ningdong Development Investment Co., Ltd., Ningxia Jiacheng Investment Development Co., Ltd., Tayho Advanced Materials Group Co., Ltd.
February 03, 2023
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Ningxia Ningdong Taihe New Materials Co., Ltd. announce that it will raise CNY 400 million in an equity round of funding on February 3, 2023. The transaction will include participation from returning investors, Ningxia Ningdong Development Investment Co., Ltd., Ningxia Jiacheng Investment Development Co., Ltd., Yantai Tayho Advanced Materials Co., Ltd.
Tayho Advanced Materials Group Co Ltd, formerly Yantai Tayho Advanced Materials Co Ltd, is a China-based company, principally engaged in the manufacture and distribution of high-performance fibers. Its products include spandex fiber products under the brand name New Star, which are applied in the production of apparels, sports suits, swimming suits, underwear, medical products and automobile internal decorations; meta-aramid fiber products under the brand name Tametar, which are applied in personal protection, environmental protection, industrial felt and other areas, as well as para-aramid fiber products under the brand name Taparan, which are applied in the manufacture of sports devices, reinforcing materials, friction and sealing materials, composite materials, as well as protection materials, among others. The Company distributes its products within domestic and overseas markets.
Ningxia Ningdong Taihe New Materials Co., Ltd. announced that it expects to receive CNY 400 million in funding from Ningxia Ningdong Development Investment Co., Ltd., Ningxia Jiacheng Investment Development Co., Ltd., Tayho Advanced Materials Group Co., Ltd.
TAYHO ADVANCED MATERIALS GROUP CO., LTD. 
