Guoxin Juzhi
Chinese manufacturer of PETG and modified PET polyester切片 (pellets) for packaging films, shrink labels, sheet extrusion, and industrial applications.
- CEO / Founder
- Zeng Qingdong (曾庆东)
- Team Size
- 51-200
- Stage
- Growth Stage
- Total Funding
- Undisclosed
- Latest Round
- Strategic Investment
- Key Investors
- 柏沃环保科技（武汉）有限公司 (100% parent)
Technology & Products
Key Products
GX701 PETG切片 (high-shrink film grade); GX702 PETG切片 (injection/blow molding grade); GX302/GX303 low-melting-point modified PET切片; bottle-grade modified PETG切片
Technological Advantage
Proprietary CHDM monomer production technology; 6 invention patents + 14 utility model patents; FDA (US), REACH and MSDS (EU) certifications; annual capacity of 100,000 tons Phase I; 2024 Hubei Province Gazelle enterprise; High-Tech Enterprise certified 2025
Differentiation
Value Proposition
Domestic producer of PETG/PCTG polyester切片 that breaks foreign monopoly (CHDM monomer technology), offering high-transparency, safe, recyclable, and cost-effective alternatives to imported materials from US and Korea.
How They Differentiate
Only ~6 domestic Chinese producers of PETG/PCTG; vertically integrated through parent company's (Baiwo Environmental) technology team with 24+ patents and 863 Program experience; products certified by US FDA and EU REACH; rapidly scaling from ¥1.6B (2023) to ¥3.8B (2024) revenue
Market & Competition
Target Customers
Film manufacturers (shrink film, heat-seal film), packaging companies (beverage, food, cosmetics), sheet extrusion processors, injection/blow molding manufacturers, industrial material producers
Industry Verticals
Packaging (beverage, food, cosmetics, cold chain, dairy); Labeling (shrink labels for electronics); Textiles (shoe uppers, mattresses, fabrics); Industrial (cable wrapping, insulation materials); 3D printing (filament base material)
Competitors
Eastman Chemical Company (US) — PETG market leader with Eastar brand; SK Chemicals (Korea) — PETG/PCTG producer; Wankai New Materials (万凯新材, SZ:301216) — bottle-grade PET producer
Growth & Milestones
Growth Metrics
Revenue: ¥230M (Apr-Dec 2023 partial year), ¥1.6B (2023 full year), ¥3.8B (2024); Phase I capacity: 100,000 tons/year; Phase II planned: 250,000 tons/year
Major Milestones
2020-12: Company founded; 2023-04: Phase I production launch (100,000 tons/year PETG切片); 2023: GX701/GX702 products certified by US FDA, EU REACH and MSDS; 2023: Annual revenue ¥1.6B in first year of production; 2024: Revenue ¥3.8B; 2024: Recognized as Hubei Province Gazelle enterprise; 2025-04: Certified as High-Tech Enterprise (GR202442010788); 2025: Phase II planning (250,000 tons/year bottle-grade PETG切片) on 100 mu land
Notable Customers
Customers across 10+ Chinese provinces (Beijing, Hebei, Shandong, Guangdong, Fujian, Hainan, etc.) and Southeast Asian export markets