In 2010, Zhejiang Sute Chemical Co., Ltd. was established. It is an integrated industrial and trade enterprise that combines the agency and distribution of special raw materials for plastics with the production of modified plastics. The company mainly deals in resin materials such as polypropylene (PP), high-pressure polyethylene (HDPE), low-pressure polyethylene (LDPE), linear polyethylene (LLDPE), polystyrene (PS), and AB (Note: The expression "AB" in the original text is incomplete; it is presumably "ABS" (Acrylonitrile-Butadiene-Styrene Copolymer). If it refers to other materials, confirmation should be made based on actual business operations).
In September 2019, Zhejiang Sute Chemical Co., Ltd. established a modified materials factory, which mainly produces various modified raw materials and degradable materials.
In February 2022, a subsidiary company named Nowet (Zhejiang) Biotechnology Co., Ltd. was established. In response to the national environmental protection policies, it promotes the research and development, production and application of degradable materials. Nowet focuses on the innovation of environment-friendly new materials and is committed to playing a key role in the field of sustainable development.
Today, Nowet (Zhejiang) Biotechnology Co., Ltd. is located in Shangyu Economic and Technological Development Zone of Hangzhou Bay, Shaoxing City, Zhejiang Province. It covers an area of 36 acres, with a total construction area of 48,018 square meters. The company has invested 150 million yuan to build independent workshops and office areas by itself. With an annual production capacity of 40,000 tons of biodegradable products and materials, it meets the market demand for environmentally friendly materials.
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