Qingdao Redbutterfly Precision Materials Co., Ltd.

Qingdao Red Butterfly New Materials Co., Ltd. was established in the era of the relocation and transformation of enterprises in the old city of Qingdao. In August 2013, in accordance with the requirements of the municipal government, some enterprises in the Red Star Qingdao area were included in the twelfth batch of old city enterprise relocation and reconstruction plans, and it was determined that all the chemical products of Red Star Chemical Factory, Dongfeng Chemical Company and Zili Industrial Company will be relocated to Pingdu. Production at Xinhe Ecological Chemical Base. The company covers an area of 100 acres and is a Sino-Japanese joint venture with a registered capital of 180 million yuan. It was established by the Qingdao Chemical Research Institute, Dongfeng Chemical Company, Zili Industrial Co., Ltd., a subsidiary of the Red Star Group, and a long-term partner, Japan Butterfly Corporation. The company opened on March 30, 2015.

      The company makes full use of Japan's advanced management, technology and talents, relying on the aura of Red Star "World Barium King, Asian Strontium King" to create a world-class high-end barium salt R&D base and high-end barium salt production base (incubator) with red star characteristics . The company's main products and production capacity are: 2000 tons/year of medicinal barium sulfate, 7000 tons/year of ultrafine barium sulfate, 15,000 tons/year of electronic grade high purity barium hydroxide, 5000 tons/year of electronic grade high purity  and 2000 tons/year Among stearates, among them, medicinal barium sulfate accounts for 95% of the national market share, the first in China (beginning in 1942); electronic grade high-purity barium hydroxide octahydrate accounts for 80% of the world market share. It can realize annual sales income of 380 million yuan and total profit of 50 million yuan. Red Star Group will march to a new level on the path of high, precise and sharp development!