Brief Introduction to the project

 

1. Project name:

Polymerization center with 23,000 t/a high performance nylon-6 textile chip.

 

2. Undertaking unit and location:

Jiangsu Qunfa Chemical Co., Ltd.
No.3 North Taiping Road, Yangzhou, Jiangsu Province, P.R.China

 

3. Profile of undertaking unit:

Jiangsu Qunfa Chemical Co., Ltd. is a large-sized enterprise held by the State as well as a high & new technological enterprise in Jiangsu Province, specialized in manufacture of framework materials for rubber and tyres. The main product¡ªnylon-6 dipped cord fabric is among the leading positions in terms of product quality and production capacity in the industry in China, with annual output of 30,000 tons. Other products include: HMLS polyester dipped cord fabric; rubber assistants such as vulcanization accelerator NS; chemical fiber assistants such as dimethyl-5-sodio sulfoisophthalate (SIPM), trimethyl phosphate; high vacuum brazing products series such as intercooler for automobile, and oil cooler; pressure vessel; and superfine powered materials, etc.. The company boasts its strong ability in new product development and scientific & technological innovation. It keeps good cooperative relations with universities, colleges, academies and research institutes both from home and abroad.

 

4. Project description and market prospect:

With people¡¯s living standard rising, nylon textile products see a rapid development, and chip consumption amount grows year by year. According to market survey, the domestic market of nylon textile chip is in the stage of low-level competition, with ordinary chip in overproduction due to less technological requirements for production, resulting in fierce competition. However, for high-performance nylon-6 textile chip used for such fields as fine denier and superfine denier nylon yarn below 40D as well as carpet yarn and so on, it is short of supplies and relies mostly on imports in China. According to statistics of customs, the total imports reached around 120,000 tons in 2002. The main reason is that the domestic technology of polymerization develops slowly and is not able to make high-performance nylon-6 chip. So the company aims to introduce advanced technology and equipment from Europe to build polymerization of high-performance nylon-6 textile chip, which will replace imports, and occupy the market expected to have a bright future.

 

5. Investment and benefits:

For this project, investment for fixed assets is RMB 57 million yuan with one year of construction term.
Annual sales income will be RMB 346 million yuan after project completion.
Annual profits will be RMB 44 million yuan after achieving the designed production capacity, and the return term of investment 4 years and 11 months.

 

6. Mode of cooperation:

Sole-funding, joint-venture or technology as shares.

 

7. Contact:

Contact person: Qiangxin Bee
Tel: 86-514-7221311, 7902103
Fax: 86-514-7232380
URL: http//www.qunfa.com
E-mail: plan@qunfa.com
Zipcode: 225003