# Dawn Polymer acquires Guangdong Hyundai and plans 350M yuan investment in new energy and electronics polymer projects

Dawn Polymer, a subsidiary of Dawn Group, acquired 100% equity of Guangdong Hyundai Engineering Plastic Co., Ltd. and initially plans to invest CNY 350 million to build new energy and electronic communications polymer new materials projects at the Zhaoqing base in Guangdong Province.

- Type: Acquisition
- Announced: 2023-09-18
- Where: Zhaoqing High-tech Zone, Guangdong Province, China
- Value: $49.0M (350.0M CNY)
- Status: announced
- Products: polymer composite materials, high-performance special plastic products
- Sectors: [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)

## Sources

- [en.chinadawn.cn](https://en.chinadawn.cn/show-221-369-1.html), 2023-12-08: "On September 18th, Dawn Polymer officially acquired 100% equity of Guangdong Hyundai and initially planned to invest CNY 350 million to build new energy and electronic communications polymer new materials projects in the Guangdong base."

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