Chinese PVC window and door giant Dalian Shide Plastics Industry Co. Ltd. is spending up to 1 billion yuan ($149 million) on a factory complex in the northern city of Changchun, Jilin province, capable of producing 160,000 metric tons of profiles a year.
The company, based in Dalian, Liaoning province, said the initial phase would be an investment of 750 million yuan ($112 million) with production of 120,000 metric tons. It said the whole project is scheduled for completion in March.
The factory would be the firm’s eighth and give it production capacity of more than 900,000 metric tons in China. Company officials declined to comment but Shide’s website said the firm’s sales in 2009 topped 10 billion yuan ($1.47 billion), a 30 percent increase from the previous year...
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