Founded in March 2020, Shandong Runtai New Materials Co., Ltd. is a comprehensive group firm that specializes in producing fine chemical products. The corporation has established strategic operational branches in five different cities throughout China, with its headquarters located in Zaozhuang City, Shandong Province. Runtai New Materials covers an area of 270,000 square meters with a total investment of 2.06 billion yuan.
Runtai New Materials has grown to be one of China's top producers of melamine and formaldehyde due to our recent improvements in production line growth. As of today, the company produces 380,000 tons of formaldehyde annually, 60,000 tons of melamine annually, 20,000 tons of melamine glazing powder annually, 11,000 tons of resin annually, and 300,000 tons of urea formaldehyde resin annually. We have reached about 80% market share in China. At the same time, we are actively developing overseas business, and our products have been exported to the United States, Thailand, Kenya, Egypt, and other countries and have been widely praised by overseas customers.
Runtai