Sincerity Applied Materials Holdings Stock

Sincerity Applied Materials Holdings Corp. operates as a specialized provider of technologically advanced packing materials for the automotive, packaging, building and construction, and engineering industries.

The company and its wholly owned subsidiary, Sincerity Australia Pty Ltd., operate as a supplier of technologically advanced plastics and other solutions for the packaging industry and other industries primarily serving major end users and distributors in Australia, Asia and the Middle East.

The company’s products have applications in the areas of packaging, agriculture, automotive and transportation, paint and coating, construction, personal care and hygiene, electronics, pharmaceutical, energy and natural resources, plastics and rubber and leather. Its principal products are high quality, breathable plastic film and modified atmosphere packaging used in the packaging of perishable foods.

In 2021, through the acquisition target SMCOR, the company expands deeper into its existing customer based in EV, 5G, computer chips and medical industries. In addition, the pandemic boosts the demand for covid related medical material and the company boosted vaccine related production capacity through SIMCOR.

The company relies on its primary contract manufacturer, Changzhou Sincerity Plastics and Chemicals Technology Ltd. (Sincerity China), in Changzhou China, as well as other Chinese manufacturers to manufacture the company’s products.