Overview of the project

Project towards newly increasing alkali-free fiberglass tank furnace wiredrawing of 60,000 tons

On the basis of current production capacity of 200,000T/A, this project makes use of advanced and mature technology to build a production line towards newly increasing alkali-free fiberglass tank furnace wiredrawing of 60,000 tons.

Total investment

650 million yuan RMB

Investment constitutes of the both parties

Negotiation

Modes of cooperation

√

√

Solely-funded

Other

√

Market analysis of the product

The quality of domestic fiber glass products has got authorization of the international market, and the export quantum is increasing year by year. 30% of the foreign fiber glass products is used in automobile industry and 20% is used in building industry, while the application of domestic fiber glass products in automobile and building industry still lies in starting phase. Therefore, its market potential is huge and development prospect is fine.

Analysis of the economic benefit

After the project puts into operation, it can newly increase the sales revenue of 560 million yuan RMB, and profit tax of 100 million yuan RMB annually.

Overview of the Chinese enterprise

Enterprise's name

Tai’an Fiber Glass Stock Co., Ltd

Enterprise's address

Tai’an Hi-tech Industrial Development Zone

Pattern of ownership

Limited Liability Company

Establishment time

1997

Employee's number

2,236

Technical controller

208

2.9 billion yuanRMB

Registered capital

479 million yuanRMB

Total liabilities

1.9 billion yuan RMB

Floor space

495 mu

116,900 square meters

Main product and scale

The products in this company include alkali-free fiberglass chopped strand mat, woven roving, SMC yarn, jet yarn, 4800tex untwisted direct yarn, and BMC、PA、PP short cut fiber, and have fromed a comprehensive system of 59 varieties of 6 kinds with 1,350 different specifications. The total production capacity of fiber glass and its products has reached 20,000 tons, and become one of the biggest production enterprises of alkali-free fiberglass tank furnace wiredrawing at home. In addition, it’s also the “Top Ten” enterprise of the same industry in the world, the national major hi-tech enterprise cognizanced by The Ministry of Science and Technology of the People’s Republic of China, the transformation base of the national 863 science and technolgy achievement, and the major export enterprise of the national science and technolgy. It also owns the only enterprise postdoctoral scientific research workstation of the domestic fiber glass industry and the only state-level technology center.

State of operation in 2006

It produced fiber glass and its products of 156,000 tons, realized the sales revenue of 1.78 billion yuan RMB, export for earning foreign currency of US$85 million, profit of 130 million yuan RMB and net profit of 71.79 million yuan RMB.

Contact way

Tel: 0086-538-6622559

Fax: 0086-538-6622559

Person to contact: Hua Desheng         Postcode: 271000

E-mail: huactg@126.com

Tai’an City Municipal Investment Promotion Bureau

Merchants Department:0086-538-6990963     Investment Service Department:0086-538-6991091