| PP Synthetic Papers | |
| 1. Undertaking Unit: | Sanming Plastic Company Group |
| 2. Site of Project: | No.23 Changxinlu,Huxinbao District, Sanming City |
| 3.
Person in Charge: Contact Tel: Fax: |
Li Wanxing 0598-8337710 0598-8241798 |
| 4. Reasons & Conditions for Its Construction an Market Forecasting: Sanming Plastic Company Group is a large national second-rate enterprise, one of the 200 great enterprises under the Light Industry Bureau. It has a registered capital of 102,650,000 yuan, and the power to engage in import and export trade.The enterprise always aims to introduce foreign advanced equipment, and achieve technical development. The enterprise has, now, introduced from abroad, 15 production lines. It has grown into a large integrated enterprise with a annual production scale of 35,000 tons. The enterprise major products are PVC thin film, transparent film, clothe leatherette, rolled leatherette, formed leatherette, coextruded film, PP sheet film, PU leatherette, broad range film and etc. The enterprise has a qualified team of technicians and 1574 workers and staff members, among which 174 are cadres, 150 with university or technical secondary school education, 9 with the senior title of a technical post, 45 with the middle title of a technical post. Meantime, It has a middle skilled workers' school of its own to train the skilled workers. The enterprise always persists in quality first. It sets up a scientific research institution, and a quality test center with 41 specialized persons and various advanced equipment. All these guarantee the quality of the products, and enhance the enterprise's market competitive power. In 1987, the enterprise won the titles of the excellent management enterprises at both ministerial and provincial levels. Its PVC toy film won the national excellency, and five other products won the ministerial excellency, while another five the provincial excellency. The enterprise is among the first to become the second-rate enterprise for the measurement, the advanced enterprise for environmental protection, the first-rate enterprise for records management. During the Eighth Five-Year Plan, the municipal government approved to expropriate 178 mu of land for the purpose of opening up a small plastic industrial area in Fuxinbao District. Now there have been several joint ventures in the area. The new projects need not expropriate land, which will save the investment and increase the speed of the construction. PP synthetic paper (which is thought to be the second generation of paper) can be off set-printed, directly written, waterproof and corrosion-proof. It can be used to print textbooks, magazines, field wall charts, military maps and business card. PP synthetic paper has come into being p outside China. It is just at the development stage in the South Asia Plastic Cement Conglomerate of Taiwan. Its China market is waiting for opening up. |
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| 5. Construction Scale and Main Contents: Introduce a 8000 ton PP synthetic paper production line with joint venture. |
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| 6.
Total Input and Utilization of Foreign Fund: Total input: 102,000,000 yuan, among which foreign exchange 8,600,000 dollars, foreign investment 12,000,000 dollars. |
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| 7. Form of Using Foreign Investment: Joint venture | |
| 8. Analysis on the Economic Results: Annual selling income: 102,000,000 yuan; selling profit: 15,000,000 yuan; tax: 7,700,000 yuan; foreign exchange earning: 3,000,000 dollars; rate of return and investment: 14.7 %.The recovery periods of investment will take 7 years(including the construction periods). |
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| 9. The Development of the Preliminary Work: The completion of the project proposal. |
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