SINC obtains additional funding of $0.9 million, institution
MELBOURNE, Australia, May 05, 2022 (GLOBE NEWSWIRE) — Sincerity Applied Materials Holdings Corp (OTC Pink: SINC), announced that an additional $0.9 million has been secured from an institution for the expansion of SINC.
SINC is a much smaller company but has similar business with US masterbatch/engineering plastics giant Cabot ($70.02/share as of Open 4and of May 2022).
Additional funding supports SINC’s master expansion plan, which includes increasing existing capacity in the medical, EV, 5G and PV supply chain, as well as online acquisitions from its suppliers, customers and competitors .
About Sincerity Applied Materials Holding Corp.
Sincerity Applied Materials provides high performance polymers and environmental solutions to help customers reduce product waste, improve logistics efficiency and reduce their carbon footprint. The company, although its Chinese partner, has developed its outstanding materials technology through partnerships with leading Chinese institutions and research facilities. Today, Sincerity’s products are widely used in the automotive, packaging, building & construction, and engineering industries.
This press release contains certain forward-looking statements. Investors are cautioned that certain statements contained in this release are “forward-looking statements” and involve known and unknown risks, uncertainties and other factors. These uncertainties include, among others, certain risks associated with the Company’s operations described above. The Company’s actual results could differ materially from expected results.
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