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Are Beihai Xinhe New Materials State-owned?

No Binzhou Beihai Xinhe New Materials Co., Ltd. is a manufacturing company, headquartered in Shandong Province, established on August 24, 201/. Beihai Xinhe New Materials is not a state-owned enterprise, and can provide users with coating products applied in many national economic fields, such as ships and bridges, nuclear power industry, petrochemical anticorrosion, electrical equipment, construction engineering, mechanical equipment and so on.