Nanjing, Jiangsu — Hongbaoli New Material (HNM), a subsidiary of China's polyol and rigid PU foam maker Nanjing Hongbaoli, signed contract with Suning Universal in January 2014. This is to supply exterior insulation panel systems for Suning's future real estate projects in cities including Shanghai and Nanjing. Suning Universal is a diversified real estate development company with an increasing focus on luxury hotels.
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