
Zhuzhou Times New Material Tech Co.
China Rail Construction and Railway Engineering - Zhu Zhu TMT Co Ltd.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
* | CNY1.3b | Post IPO Equity | |
Total Funding | 000k |
The story of Zhuzhou Times New Material Technology, or TMT, begins not in a garage, but in a state-run research institute. In 1984, it was established as the rubber laboratory of the Zhuzhou Electric Locomotive Research Institute, under China's Ministry of Railways. Its initial focus was developing polymer materials for the rail industry, specifically for vibration and noise reduction. The company's corporate journey began to accelerate in the early 2000s. On December 19, 2002, Zhuzhou Times New Material Technology Co., Ltd. held its Initial Public Offering, listing as an A-share company on the Shanghai Stock Exchange. This event marked a significant transition from a government lab to a publicly traded enterprise. Its ties to the railway industry remained foundational. The company became a subsidiary of the state-owned CRRC Group, a global leader in rolling stock manufacturing. This relationship provided a stable, built-in market for its core products. However, TMT leveraged this base to expand into new high-growth sectors, including automotive, wind power, and other industrial applications. Today, with R&D and production facilities across the globe, the company has evolved from a specialized domestic lab into an international player in the advanced materials sector.