The Nantong Xingchen Synthetic Material Co., Ltd. is a wholly-owned subsidiary of the Bluestar New Chemical Materials Co., Ltd. specializing in the production and distribution of high-quality engineering plastics, color developer, epoxy resin, and BPA, with a well-established marketing network and a respectable market share. It has 745 employees, 390 of them technicians at the technical school and college level or above.
The company uses cutting-edge technology and has product quality, so it is a supplier for many famous companies around the world. It has its ISO9001, ISO14001, and GB/T28001 certification, as well as “three integrated standards” (quality, the environment, occupational health and safety) certification. Many of its engineering plastics products have yellow card certification from UL in the US. After its move to the Nantong Economic Development Zone, it has improved its product composition and its upstream and downstream product chain to allow for future development.
The company was established in 1975, growing out of the old Nantong Synthetic Material Factory, a Ministry of Chemical Industry operation, as part of a Nantong color film developer project, so most of its early products were related to film developing. In 1984, it became a new materials R&D and production base for the Chemical Industry Ministry for coastal parts of southeastern China. In 1997, it joined the China National BlueStar (Group) Co Ltd, with support from the Ministry’s Leading Party Group. In 2000, it founded the Nantong Xingchen Synthetic Materials Co Ltd, in conjunction with the BlueStar New Chemical Materials Co Ltd (a member of the BlueStar Group).
Nantong Xingchen’s old plant is in the Nantong Yaogang Chemical Zone, a 110,000-square-meter piece of ground with a 40,000-sq-m construction area that is equipped with R&D, production, auxiliary assembly, public works, and waste disposal facilities.
In 2007，in line with the Nantong municipal government’s “move to the suburbs” concept, the company relocated to the Nantong Economic Development Zone. Phase I of the new plant covers a 430-mu (28.67hectares or acres area) and cost 1.5 billion yuan. Phase I includes facilities for producing 1,550 tons/year of color developer, 30,000 tons/year of modified engineering plastics, 60,000 tons/year of PBT base resin, 135,000 tons/year epoxy resin devices, and 150,000 tons/year BPA.
Phase II, on a 380-mu (25.33 hectares) area will cost 3.5 billion yuan, and is expected to produce sales 6.8 billion yuan when it is completed, and profits of more than 500 million yuan. Phase III is provided will cost around 1.8 billion yuan and is expected to have sales of 3.5 billion yuan and profits of 300 million yuan.