In 2001, Shanghai Funa New Rare Earth Material Limited was established, specializing in the production of rare earth catalyst new materials.
In 2004, Shanghai Huawen Electronic New Material was established, with an annual output of 1000 tons SMA resin.
In 2013, new SMA equipment was put into use, with an annual output 2000 tons and total capacity of 3000 tons per year.
In 2015, Jiaxing Hua Wen Chemical Co., Ltd was founded, which is Foreign-owned (British), with a registered capital of 10 million US dollars, and total investment of 24 million US doll
In 2017, new factory was completed and put into operation, which owns a production capacity of 9000 tons functional resin and 600 tons of rare earth catalyst per year.