男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

ChemChina to boost investment

Updated: 2011-12-23 11:00

By Huang Zhiling (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

ChemChina to boost investment

Spools of synthetic fiber displayed at a trade show in Qingdao, Shandong province. China Bluestar Chengrand Chemical Co Ltd, a subsidiary of China National Chemical Corp, aims to be the third-largest producer of the synthetic fiber para-aramid in the world by 2015. [Photo/China Daily]

Synthetic fiber maker will spend 3 billion yuan on production line

CHENGDU - China is expected to become the third-largest producer of the synthetic fiber para-aramid in the world by 2015, lagging just behind the United States and Japan, said Cao Xianjun, president of China Bluestar Chengrand Chemical Co Ltd.

Cao said Bluestar Chengrand, a subsidiary of China National Chemical Corp (ChemChina), the country's biggest chemical company, can now produce an annual 1,000 tons of para-aramid, a strong and heat-resistant fiber that is widely used in the aerospace industry and the military.

The chemical product also has uses in components for automobiles, ships and high-speed trains.

Bluestar Chengrand, based in Chengdu, Sichuan province, has made discoveries related to resin polymerization, spinning and solvent recovery and now owns 16 patents pertaining to various technologies, Cao said.

After seeing success from a trial of the para-aramid project, Bluestar Chengrand has embarked on research to start the project's second phase.

It plans to invest about 3 billion yuan ($476 million) to set up both a production line to make 10,000 tons of para-aramid a year and equipment to manufacture composite materials made of para-aramid.

"After the line goes into operation in 2015, Bluestar Chengrand will be the third-largest producer of para-aramid in the world after DuPont in the United States and Teijin in Japan," Cao said.

Bluestar Chengrand's plan to increase production comes as the result, in part, of research and development (R&D) conducted by ChemChina.

ChemChina has pledged to boost its strength by investing about 7 billion yuan a year in the production of para-aramid from 2011 to 2015.

Ren Jianxin, president of ChemChina, said the step will help develop advanced technology and strengthen the company.

It comes at a time when ChemChina is trying to differentiate its business from other companies' to maintain growth.

"We will invest about 3.5 percent of our annual sales into our R&D division every year, and also consider building up several research institutes and R&D bases across the country," Ren said.

In five years, ChemChina aims to make 200 billion yuan from sales each year. In 2010, it made 140 billion yuan.

Ren said ChemChina will center its efforts until 2015 on chemical-materials science, environmental sciences and life sciences.

The US private equity fund Blackstone Group became a shareholder in China National Bluestar Group Corp (Bluestar), a subsidiary of ChemChina, in 2008.

Blackstone invested $600 million to obtain a 20 percent stake in Bluestar, making the company a Sino-US joint venture.

 

Related Stories

ChemChina focuses on sustainable growth 2008-10-30 16:36
ChemChina 2010-05-10 11:17
ChemChina develops through acquisitions 2008-10-24 16:40
McKinsey Global President visits ChemChina 2009-08-19 16:02
主站蜘蛛池模板: 无极县| 香港| 银川市| 平乡县| 江口县| 临西县| 曲沃县| 昌江| 开封市| 招远市| 阳高县| 会同县| 稷山县| 武夷山市| 长阳| 海晏县| 泽州县| 肇州县| 集贤县| 康保县| 襄汾县| 高雄县| 阿克| 固镇县| 罗甸县| 赤壁市| 南涧| 达拉特旗| 资中县| 康保县| 伊川县| 蓝田县| 方山县| 孝义市| 武定县| 布拖县| 炉霍县| 军事| 石嘴山市| 布尔津县| 招远市| 子长县| 翁牛特旗| 仁寿县| 宣城市| 黄大仙区| 广安市| 塘沽区| 双辽市| 昭觉县| 昌平区| 炉霍县| 鄂伦春自治旗| 富平县| 宁强县| 浦城县| 陵川县| 正阳县| 伊金霍洛旗| 泗洪县| 稻城县| 镇雄县| 子洲县| 伊吾县| 扎鲁特旗| 新余市| 九江县| 大庆市| 江口县| 宁海县| 临沧市| 榆树市| 云霄县| 萨嘎县| 萝北县| 城固县| 苍南县| 龙门县| 平果县| 台江县| 拜城县| 宝鸡市|