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Chinese seek investors for urethane resin plant

By David Reed, UT EditorShenyang, People’s Republic of China-The Department of International Cooperation Science and Technology Bureau, part of the Municipal Government of Shenyang, is looking for partners to invest up to $48.3 million in a urethane elastic fibre resin plant in the Shenhe Industrial Park.The annual output of the plant is estimated to be 10 000 tonnes, according to an announcement issued by the Shenyang authority. The production cost is RMB (Yuan) 40 000 per tonne ($4833), and the selling price is RMB 60 000 per tonne ($7250), so the annual profits can reach RMB 200 million (over $24 million),” the statement added.The product has good wear and low-temperature resistance, and “has more advantages compared with products of the US DuPont,” the statement said. It can be made into “all kinds of art wares by adopting such techniques as extrusion, injection, vacuum, calendering, and fibre spinning,” the statement continued.It has “become a product with patent rights,” the statement concluded.The project is being managed by Wu Zhi, who can be contacted at the company – provisionally named Industrialization of Urethane Elastic Fiber Resin – by Email: VINCENTCHEN@SYSTI.NET.CN; Phone: +86-24-24868116; or Fax: +86-24-22721432.”

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