On the morning of January 30, Erdos City Investment Promotion and Optimization of Business Environment and High-Quality Development of Industrial Economy Conference was held, which conveyed the spirit of the Regional Investment Promotion and Optimization of Business Environment Conference, informed the work of the city's investment promotion and optimization of business environment in 2022 and awarded the medal to the winning enterprises. At the meeting, Hengxing Chemical was awarded as one of the top 50 enterprises of industrial fixed asset investment in 2022. In the same month, Hengxing Chemical was successfully recognized as an autonomous region enterprise research and development center.

Founded in 2018, Hengxing Chemical is a wholly-owned subsidiary of Henan Hengxing Technology Company Limited (stock code: 002132). It mainly deals with silicone polymers and by-products: DMC, hydrogen-containing silicone oil, 107 rubber, 110 rubber, blending rubber, high-boiling silicone oil, meteorological silica, methyl trimethoxide, etc. High-performance silicone polymers belong to the national emerging strategic industries, and its products are widely used in the fields of machinery, electronics, medical, textile, construction, etc. At present, the company has a total investment of 2.9 billion yuan, covers an area of 700 mu, and the annual output value is about 3 billion yuan.
In the future, Hengxing Chemical will conscientiously implement the spirit of the 20th Party Congress, the two sessions of the autonomous region and the two sessions of Erdos City, according to the instructions and requirements of the municipal government, focus on the development of high-performance, functional silicone downstream products and application research, based on the existing projects, continue to increase investment, expand production capacity, research and development of new products, and promote the direction of high quality, high added value and large market capacity products. We will make every effort to turn the company into a high-end, green and environmentally friendly production base for silicone polymers, injecting new impetus and adding new momentum to the high-quality development of the regional economy.