XD Plastics sets up new production line in Harbin

China XD Plastics Co Ltd said that it will establish a new production line in Harbin.

The company said that its annual production capacity will increase to 390,000 metric tons after the line starts operations.

The company, which produces plastic products for the auto industry, was listed on the Over the Counter Bulletin Board in the United States on January 2009.

According to the company's third-quarter report, revenues reached $163 million, up 57.4 percent year-on-year. Gross profit was $40 million, up 50.9 percent year-on-year.

wuyong@chinadaily.com.cn