^{NO1:Polyurethane Project}

  ^{Tianjin Synthetic Fiber factory was founded in 1963. It is the first one importing a complete production line of nylon-6 fiber in China and also an only factory having an ability to manufacture nylon-6 filament in Tianjin. The factory is located on the side of Jingjin Road, Beichen District, Tianjin, 8 kilometers from the center of the city and cover an area of 10.8 hectares, so having an excellent geographic position and a convenient communication. Great economic result has been made for the country in the past 40 years since its establishment.}

  ^{In order to upgrade its output and products, in 1995 RMB 217 million were invested for this factory to import a complete production line of 90's level for polymerization, spinning and drawing texturing from Noy Vallesina Engineering Co. and Giudici Davide & Figli Co. Italy. The capacity of polymerization is 5000 t/y, nylon filament 2000 t/y, DTY 1200 t/y and FDY 800 t/y. In 1996, the whole production line was put into operation. Its products are well sold throughout the whole country. The sales revenue is over RMB 100 million. The proportion of production and sales can be up to 100%. Production supply falls short of demand.}

  ^{This enterprise intends to introduce polyurethane elastic fiber production line that would be able to form a melt-blow polyurethane spinning production line with a capacity of 3000 t/y. The aim is to fill the shortage in reference to high elastic fiber production in China and world markets.}

  ^{At present, the total fiber production in the world has exceeded 47,000,000 tons, but the consumption of elastic fiber only accounts for 0.3% (among them mainly polyurethane elastic fiber). With development of textiles' markets and people's new concept towards new-style clothes, especially because of demand for elastic socks, swimming suits, under wears, leisure wears and latest clothing, and due to a increasing demand of elastic fiber, the production of elastic fiber which is not enough seems to be obviously in short of supply.}

  ^{Polyurethane is of block copolymer and produced through spinning. Its features embodied in strength, modulus and stability of dying are much better if compared with those of normal elastic fiber, such as rubber. Its elongation is high and may reach up to 400-800%. It can fit the need of body's movements, enable physical organisms to move freely and also meet the demand for cutting and sewing.}

  ^{Total investment after joint venture or cooperation becomes effective would be USD 45,000,000, which could be used to introduce a complete polyurethane melt spinning production line with a capacity of 3,000 t/year. Equipment to be imported types and manufacturers could be agreed upon by a potential partner and the Chinese side.}

  ^{At present demand for polyurethane fiber and its products is increasing more and more in domestic and world markets. Because of a low domestic production the Government has to spend a lot of foreign exchange each year in buying such products from other countries. The proposed project could partly make up for the lack of domestic market.}

  ^{After the project was constructed and put into production, sales income will reach USD 55 million/year, total profit & tax USD 25 million/year. Investment recovery period will be 3 years.
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