Boston, MA 03/25/2014 (wallstreetpr) – Guanwei Recycling Corp. (NASDAQ:GPRC) which is a leading manufacturer of low density polyethylene (LDPE) announced that it will convene a conference call Tuesday, April 1, to discuss the financial results for full-year 2013. The call will start at 8:00 a.m. ET. The company announced that the call will be preceded with distribution of the year-end results through news releases on March 31.
The call will feature presentation from the company’s executives to analysts and investors.
Share performance
The previous session saw share of the company changing hands between $3.36 and $3.88 throughout the day before settling at $3.61, up 9.06 percent. The shares which opened the session at $3.43, managed to establish a new 52-week high price at $3.88. The $37.57 million market capped company witnessed its shares trading in the range of $1.14 – $3.88 in the past 12-month duration.
A business of repute
Guanwei Recycling Corp. (NASDAQ:GPRC) operates in what can be termed one of the most sensitive markets. Dealing in plastics at the time when governments and clean environment crusaders around the world are setting high standards or limiting usage of plastic items can be a very challenging undertaking.
But the company has managed to grow in this environment at a time when its peers are going out of business. And this has been possible because of its high quality products and certified manufacturing processes.
Guanwei Recycling Corp. (NASDAQ:GPRC) makes LDPE from plastic wastes and it draws most of its raw materials from Europe. It serves more than 300 customers, half of which are recurrent buyers. In China alone, the company is depended upon for recycled LDPE supplies by more than 10 different industries.
Due to its business model which is both keeping the environment clean by recycling plastic wastes and supplying industries with raw materials, Guanwei Recycling Corp. (NASDAQ:GPRC) is the owner of some of the rare industry certifications. In Germany, the company has a rare plastic-manufacturer approval.
