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CD Chemical Group Limited, one of the leading high-tech enterprises in China, today announced that it has completed its first round of financing, amounting to a total of $100 million. This financing round was led by a global venture capital fund and is the largest investment ever made by a venture capital fund in the chemical industry in China.
CD Chemical Group Limited was founded in 2020 and is located in Guangzhou, Guangdong Province. As a high-tech enterprise dedicated to research and development, production and sales of fine chemicals, CD Chemical Group Limited has become a well-known industry leader in providing a wide range of chemical applications, such as lithium battery additives, electronical chemicals, organic silicones, etc.
The newly acquired funds will be used to further expand the company's research and development capability, upgrade production facilities, and purchase advanced production and testing equipment. The company also plans to hire more technical personnel to strengthen the development of innovative products and provide reliable, high-quality and cost-effective products and services to its customers.
With the increased capital, CD Chemical Group Limited will strengthen its R&D and production capacity, build a sound global marketing network, and further expand its business to the international market. The company's goal is to become a world-class chemical enterprise that is committed to providing customers with high-quality products and services.
In the future, CD Chemical Group Limited will continue to focus on innovation, provide excellent customer service and continuously improve their products and services. With the strong financial support of the venture capital fund, the company is expected to further grow in the near future and become a well-known brand in the global chemical industry.