Guanchen is a wholly-owned subsidiary of Zhejiang Zhenya Holding Group, which was set up in 2003. It has been appraised as the National High-Tech Enterprise that specializes in research and development, production, sales and customers' service of differential, high-performance fibre. It is strategically located within the Dangshan Industrial Park of National Xiaoshan Economy &Technology Development Zone, near by Shanghai-Hangzhou-Ningbo Expressway and Xiaoshan International Airport.