# Hxin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hxin

- Industry: Chemicals
- Headquarters: Hefei, China
- Website: www.hfhxin.com
- Latest round: Series A (Apr 12, 2021)
- Investors on record: 2

## About

Established in 1997 and based in Hefei, China, Hxin is a chemical company engaged in the research, development, production and sale of biodegradable products such as paper and plastic tableware.

The company’s main business is ?developing and manufacturing biodegradable food packaging solutions. The company’s self-developed products include ?PLA-coated paper cups/bowls, ?biodegradable PLA cutlery, ?PLA food containers, ?PE/PP-coated paper cups, and ?custom-designed packaging for fast-food chains and beverage brands. Its products are used in the field of ?sustainable foodservice packaging.

Hxin generates revenue by supplying large volumes of biodegradable packaging to customers, licensing PLA material modification technology, and providing customized OEM solutions to environmentally friendly businesses.

The company will use the IPO funding to carry out a project to produce 30,000 tons of PLA compostable green and environmentally friendly bioproducts annually, upgrade and transform equipment into intelligent equipment, build a research and development technology center, and supplement the company's working capital.

## Funding rounds

- Series A, Apr 12, 2021 — Fosun Capital, Yueshi Investment

## Investors

- Fosun Capital (https://capitalatlas.ai/funds/fosun-capital) — Series A
- Yueshi Investment — Series A