05/31/2010

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Investments for PU projects in the Huludao Hi-tech Zone exceed RMB 10 billion

Due to its excellent properties, polyurethane, one of the world's top five plastic varieties, is widely used in fields such as light industry, building materials and automobiles, making it an emerging sunrise industry. With a view to achieving the long-term goal for extending the petrochemical industrial chain in Huludao, the development orientation - "to establish an industrial base of polyurethane in Northern China" was proposed for the Hi-tech Zone early last year. Abundant plane trees in the Zone have attracted a great many polyurethane projects. So far, after land requisition for the 6,020 m2 base, relocation work and the preliminary preparation for the construction of various supporting facilities, construction was started in late April together with enterprises to settle in the base, and the infrastructure will be completed and put into use by the end of September 2010.
At present, the RMB 0.1 billion project for energy-saving polyurethane building composite boards invested by Liaoning Branch of Shanghai Synica Corporation Ltd. and the RMB 27.79 million project for annually producing 0.2 million integrated polyurethane security doors have been put into operation after settling in the Hi-tech Zone.
Registered projects with construction to be initiated include the RMB 0.6 billion fluorocarbon resin project with an annual output of 3,000 tonnes invested by Baofulong Technology Co., Ltd., the RMB 60 million project invested by Beijing Tongda Haosen Group for TDPU dual-density planks integrating insulation and decoration, the RMB 20 million insulated polyurethane PVC doors and windows project with an annual output of 0.2 million m2 invested by Hi-tech Petrochemical Corporation under Liaoning Dongye Group and the RMB 29.8 million water soluble polyurethane resin coating project with a daily output of 1,000 tonnes. All these projects are expected to be completed and put into operation by the end of this year.
"Only a large number of high-quality projects can result in the agglomeration effect and speed up the formation of industrial blocks, which will bring about new advantages to cope with fierce competition and will ensure sound & rapid development," said Huang Xiaoxia, Assistant Mayor of Huludao City, Secretary of the Working Committee of the Hi-tech Zone and Director of the Administrative Commission. Based on the "cyclic, ecological and environment-friendly" development concept, 18 project sites have been planned in the Hi-tech Zone mainly for downstream products of ADI, MDI, and TDI, foam materials, elastomers, spandex, synthetic leather, adhesives, new building materials and paints, where a complete polyurethane industrial chain will be eventually formed with products covering almost the whole production line of the polyurethane industry from upstream raw materials to downstream end products.
Projects with agreement for settlement in the Zone include the RMB 120 million project of polyurethane product series for construction (including PU material composition, yellow-faced resistant polyurethane prepolymers and polyurethane folder walls for construction) invested by Taiwan Jiali Technology Co., Ltd. and the RMB 70 million project for annually producing 20,000 tonnes of POP and 3,000 tonnes of flexible PU foams. The RMB 50 millon polysulfide rubber project with an annual output of 10,000 tonnes co-invested by Japan Toray Industries Incorporation and Jinxi Research Institute of Chemical Industry is under negotiation.
In addition, 10 non-polyurethane projects with a total investment of RMB 1.33 billion are also under construction in the Hi-tech Zone. In the first quarter, the total industrial output value, fixed assets investment, domestic funds attracted, foreign trade export volume, output value of high-tech products and fiscal revenue are expected to increase by 45 %, 96 %, 115 %, 49 %, 62 % and 49 % respectively over the previous year.

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