Introduction
Zhejiang Zhongli Synthetic Material Technology Co., Ltd. (浙江众立合成材料科技股份有限公司) is a Chinese manufacturer focused on the research, production, and sales of thermoplastic elastomers (TPEs), especially styrenic block copolymer products such as SBS, SEBS, SEPS, and SEP. Founded in May 2015 and based in Pinghu, Zhejiang, the company is a national high-tech enterprise and a controlled investment of Zhejiang Zhongcheng Packaging Materials Co., Ltd.
The company is positioned within the broader plastics and synthetic materials sector as a producer of engineered elastomeric materials that combine rubber-like elasticity with thermoplastic processability. Its reported product portfolio and application coverage indicate a business oriented toward industrial materials, adhesives, sealing, asphalt modification, footwear, automotive, medical, cable, and packaging-related uses.
History and Development
Zhongli Synthetic Material Technology was established in 2015, with its corporate registration recorded on 25 May 2015.
A major early development was the launch of its planned 120,000-ton-per-year thermoplastic elastomer material project, which was approved in November 2015 and described as a phased construction program.
The company later expanded its technical and manufacturing infrastructure, including the adoption of an advanced Yokogawa DCS system with batch-control functions to raise automation and process control levels.
Public disclosures also indicate continued capital and ownership support from its parent group, reflecting the strategic importance of the subsidiary within Zhejiang Zhongcheng’s plastics materials portfolio.
Business Operations and Corporate Profile
Zhongli Synthetic Material Technology is primarily engaged in TPE R&D, manufacturing, and sales.
Its disclosed operating base includes:
- Headquarters and plant location: Haitao Road, Dushangang Town, Pinghu, Zhejiang Province
- Registered capital: reported in company materials as RMB 1.242 billion
- Workforce: more than 370 employees in company descriptions
- Land area: about 208 mu in English-language company materials, with Chinese materials describing a site of more than 200 mu
The company’s controlling shareholder is Zhejiang Zhongcheng Packaging Materials Co., Ltd. (002522), which has disclosed equity participation and related-party support for Zhongli Synthetic Material Technology.
Products and Technologies
The company’s core product family is styrenic thermoplastic elastomers, including:
- SBS — styrene-butadiene block copolymer
- SEBS
- SEPS
- SEP
These materials are described as being synthesized through specialized polymerization and, in the case of hydrogenated grades, post-polymerization hydrogenation steps that improve stability and resistance properties.
The company describes its products as having advantages such as:
- good processability
- recyclability
- environmental and safety benefits
- performance suitable for modified materials applications
Its published application pages and product descriptions show use in several product categories:
- asphalt modification
- adhesives and sealing materials
- optical fiber and cable filling gel
- lubricating oil viscosity index modifiers
- package film
- TPE foam shoe materials
- pressure-free pillows
- adult products
- jelly wax
The company also highlights a product line marketed as Q55 series, which it says offers strong stress-cracking resistance and can substitute for flexible PVC in uses such as toys, packaging, medical parts, sports goods, wire and cable, and construction products.
Applications and End Markets
Zhongli Synthetic Material Technology serves end markets that rely on performance polymers with a balance of elasticity, softness, and processing efficiency. The company’s stated application areas include:
- construction materials, especially asphalt modification and sealing products
- consumer goods, including footwear and toys
- electronics and communications, including cable and optical fiber filling compounds
- automotive and transportation-related materials
- medical and hygiene-related components
- adhesives and industrial sealing systems
These markets are consistent with broader TPE industry demand, where converters seek materials that can replace certain rubber or PVC formulations while improving processing and recyclability characteristics.
Global Presence and Market Position
The company presents itself as operating from China with global marketing reach, and its multilingual websites suggest an export-oriented commercial strategy.
Its market position is best understood as that of a specialized regional producer within the styrenic TPE segment rather than a diversified plastics conglomerate. Company and disclosure materials indicate that it has established scale through its planned capacity buildout and through the support of its controlling shareholder, but no independently verified market-share figure is provided in the available sources.
The company has also been identified in exhibitor information on ChinaPlas Online, where it is listed as a plastics and rubber supplier and as a “specialized, refined, distinctive, and innovative” enterprise under Chinese government recognition.
Sustainability and Environmental Initiatives
Zhongli Synthetic Material Technology states that it emphasizes energy saving, consumption reduction, product quality improvement, and device optimization in production.
Its product positioning also stresses materials that are recyclable and capable of replacing some legacy formulations, which aligns with industry trends favoring more efficient and lower-impact processing materials.
At the same time, the company operates in a manufacturing segment that is subject to ordinary industrial environmental controls, including management of dust, organic waste gas, wastewater, and industrial solid waste, as reflected in provincial government documentation.
Financial Structure and Economic Significance
Publicly available disclosures show that the company has been an important operating subsidiary within the Zhejiang Zhongcheng group structure, and the parent company has provided or planned capital support to strengthen the subsidiary’s balance sheet and fund technology upgrades.
The company’s economic significance lies mainly in:
- expanding the domestic Chinese supply base for styrenic TPEs
- supporting downstream industries that require specialty elastomers
- contributing to the integration of materials R&D, process automation, and industrial-scale polymer production
Leadership and Corporate Governance
Public filings identify Zhang Yong as the company’s legal representative.
The company is controlled by Zhejiang Zhongcheng Packaging Materials Co., Ltd., which has disclosed ownership of a majority stake and has described Zhongli Synthetic Material Technology as a controlled subsidiary engaged in TPE production.
Available materials indicate that management has also organized an R&D structure spanning equipment development, new product design, process development, testing, and quality inspection.
Innovations and Future Outlook
The company’s technological direction is centered on styrenic block copolymer innovation, process automation, and broader application development in downstream plastics and materials markets.
Its future prospects will likely depend on several factors:
- continued demand for TPE substitutes for PVC and conventional rubber in selected applications
- successful commercialization of hydrogenated and modified grades
- process efficiency gains from advanced control systems and production automation
- the parent group’s willingness to support further capital investment and capacity expansion
The company’s published materials indicate an ongoing emphasis on moving toward a more advanced position in both domestic and international synthetic materials markets.
References
- •
CPS+ eMarketplace. (n.d.). ZHEJIANG ZHONGLI SYNTHETIC MATERIAL TECHNOLOGY CO.,LTD.ZHEJIANG ZHONGLI SYNTHETIC MATERIAL TECHNOLOGY CO.,LTD.. CPS+ eMarketplace. https://www.chinaplasonline.com/eMarketplace/ExhibitorInfo?CompId=1030022Link