China Railway Construction Corporation and others have established a new materials technology company in Xinjiang.

According to the Qichacha app, recently, Tiejianxingcai New Materials Technology Co., Ltd. was established, with Yuan Xiancan as its legal representative and a registered capital of 80 million yuan. Its business scope includes the manufacturing of non-metallic mineral products, research and development of new material technology, promotion of new material technology services, manufacturing of glass fiber and products, etc. According to the equity penetration displayed by Qichacha, the company is jointly held by China Tiejian's CRSGT21 Group Co., Ltd. and Tibet Zhongchi Group Co., Ltd.