Production facilities of Runtai New Material. [Photo/WeChat account: txfabu]
Runtai New Material, located in the Taixing Economic Development Zone, Taixing, Jiangsu province, was recently included in the list of typical cases in enterprise integrity management for 2025.
The aim is to highlight the exemplary role of integrity models in promoting a positive social ethos of honoring commitments and maintaining trustworthiness.
Founded in 2010, Runtai is dedicated to the research and production of environmentally friendly products.
In the early stages of the company's growth, Runtai faced significant compensation costs due to product quality issues in its associated enterprises and took on the responsibility by guaranteeing for other enterprises.
Runtai has addressed its repayment commitments by settling debts through loans and installment plans. Over a decade, it has cleared its liabilities and earned the trust and support of customers and banks, establishing a strong credit base for market expansion.
Looking forward, Taixing will persist in strengthening guidance on enterprise credit management, encouraging more companies to improve their internal credit systems and bolster their credit risk prevention and control abilities.