Last updated on January 23rd, 2024 at 02:30 am
Zhengxin Group decided to expand its business into the field of disposable products in 2023 and now launched disposable raincoats, toilet paper, and disposable packaging…… These products have been sold on China’s e-commerce platforms, such as Taobao, and JD online shopping platforms.
Why expand into disposable products?
Due to the COVID-19 pandemic recedes and global economic turmoil in 2023, Zhengxin Group’s PPE business has been affected to a certain extent. So we have to develop more products to maintain the operation of the group.
What are the disposable products being expanded?
The disposable products we are currently expanding include raincoats, packaging, toilet paper. Expanded industries include: cleaning products, medical care products, etc… We will also explore more disposable products in the future.
Conclusion
This adjustment of Zhengxin Group represents the group’s move towards diversified development. But it will not close our main PPE business. We still retain 70% of our production lines to serve our old customers.