Tainan Plastics to Build Polyvinyl Chloride Plant in Zhengzhou
2024-08-23 21:03:06
Taiwan South Asia Plastics Co., Ltd. has recently obtained approval from relevant parties and will indirectly invest in PVC hard pipe factory in Zhengzhou, Henan Province.
According to the director of South Asia Plastics, the company plans to establish the South Asia Plastics Industry (Zhengzhou) company to expand the mainland market and produce 30,000 tons of PVC hard pipe annually. The new company has a capital of 8 million U.S. dollars, and South Asia Plastics Industry (Hong Kong) Co., Ltd. makes half the capital. The remaining 4 million U.S. dollars are funded by other Taiwanese commercialists.
South Asia Plastics has set up 24 production bases in the mainland, with a total investment of 460 million US dollars. From 1999 to 2001, Taiwan’s profit was returned to NT$400 million in NT$34.8 (US$1). Last year's profits have not been repatriated and the initial estimate will be higher than the previous year. South Asian production projects on the mainland include copper foil, glass fiber cloth, glass fiber yarn, and epoxy resin.
According to the director of South Asia Plastics, the company plans to establish the South Asia Plastics Industry (Zhengzhou) company to expand the mainland market and produce 30,000 tons of PVC hard pipe annually. The new company has a capital of 8 million U.S. dollars, and South Asia Plastics Industry (Hong Kong) Co., Ltd. makes half the capital. The remaining 4 million U.S. dollars are funded by other Taiwanese commercialists.
South Asia Plastics has set up 24 production bases in the mainland, with a total investment of 460 million US dollars. From 1999 to 2001, Taiwan’s profit was returned to NT$400 million in NT$34.8 (US$1). Last year's profits have not been repatriated and the initial estimate will be higher than the previous year. South Asian production projects on the mainland include copper foil, glass fiber cloth, glass fiber yarn, and epoxy resin.
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