# Dawn Polymer acquires 100% equity of Guangdong Hyundai for CNY 97 million

Dawn Polymer has acquired 100% equity of Guangdong Hyundai Engineering Plastic Co., Ltd. for CNY 97 million, making it a wholly-owned subsidiary. The acquisition aims to expand Dawn Polymer's presence in the South China region and reduce transportation costs.

- Type: Acquisition
- Announced: 2023-09-18
- Where: Zhaoqing, Guangdong, China
- Value: $13.3M (97.0M CNY)
- Status: announced
- Products: high-performance specialty plastic products, modified plastics, thermoplastic elastomers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Dawn Polymer](https://endata.com/companies/72727.md) (acquirer)
- [Guangdong Hyundai Engineering Plastic Co., Ltd.](https://endata.com/companies/72728.md) (target)
- [HDC Hyundai EP Company](https://endata.com/companies/72729.md) (partner)

## Sources

- [en.chinadawn.cn](https://en.chinadawn.cn/show-221-340-1.html), 2023-09-20: "The southern region is an important manufacturing base for China. With large-scale industries of household appliances and automobiles, etc, they have extensive demand for high-performance modified plastics."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.