1. Initial establishment (2003-2006): Rixing Chemical was established in Weifang City, Shandong Province, and mainly produced polymer additives for polyvinyl chloride (PVC) at the initial stage. During this period, the company established a stable production capacity and technology research and development team, which laid the foundation for subsequent development.
2. Rapid development period (2007-20 12): Nikko Chemical began to expand its business field and enter the market of special chemicals. During this period, the company developed a variety of new polymer additives such as ACR impact modifier and MBS impact modifier, which met the market demand. In addition, the company also set up a research and development center, dedicated to the research and development of innovative technologies.
3. Capital market breakthrough (2013-2015): 2013, Nikko Chemical successfully listed on the Growth Enterprise Market of Shenzhen Stock Exchange with the stock code of 3002 14. With the help of the capital market, the company has accelerated the pace of industrial development and upgrading, and further expanded its business scale.
4. Strategic adjustment period (20 16-20 18): At this stage, Nikko Chemical made strategic adjustment and devoted itself to optimizing product structure and enhancing core competitiveness. The company has strengthened the development of new products and markets, and expanded new product lines, including rubber additives, adhesives and electronic chemicals.
5. Industrial upgrading period (20 19 to present): Nikko Chemical continued to promote industrial upgrading, focusing on the development of environmentally-friendly high-performance chemicals. Through acquisition and cooperation, the company has continuously expanded its business areas and increased its market share. At the same time, Nikko Chemical has also strengthened environmental protection and energy conservation and emission reduction measures to achieve sustainable development.
To sum up, Shandong Rike Chemical Co., Ltd. has become one of the important enterprises in China chemical products industry by continuously adjusting its strategy, expanding its business field and strengthening its technological innovation in the past 20 years. In the future, Nikko Chemical will continue to strive to enhance its core competitiveness and create more value for shareholders and society.