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: 牟定县| 城固县| 哈密市| 满洲里市| 固始县| 济南市| 南平市| 宝山区| 东乡| 商城县| 紫阳县| 鱼台县| 武山县| 门源| 临泽县| 景宁| 秀山| 洛宁县| 尚志市| 拉萨市| 益阳市| 石狮市| 卓资县| 兖州市| 台南县| 邓州市| 镇雄县| 金湖县| 确山县| 渑池县| 射洪县| 防城港市| 灌阳县| 阿拉善左旗| 新干县| 大同市| 柳江县| 行唐县| 嘉荫县| 资中县| 平果县| 郓城县| 开江县| 修文县| 通化县| 达拉特旗| 龙州县| 阜南县| 汉源县| 广丰县| 马公市| 黑水县| 丽水市| 漾濞| 龙井市| 银川市| 彭州市| 固阳县| 辽阳市| 博罗县| 天门市| 宾川县| 馆陶县| 巴楚县| 平南县| 尉氏县| 仙桃市| 黎城县| 龙里县| 大田县| 芮城县| 肇庆市| 五寨县| 邳州市| 襄城县| 温宿县| 松江区| 文登市| 阆中市| 呈贡县| 凭祥市| 渝北区|