NO2:Nylon-6 Functional Fiber& Industrial Fiber 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 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.

  The production line has not reached economic scale, and the capacity of polymerization does not match that of spinning, which leave room for developing functional fiber and Industrial fiber. The factory intends to take the present production line as its own investment to introduce foreign investment and set up a joint venture with foreign partners. The joint venture will increase production capacity of functional fiber and industrial fiber, 2000 tons/year and 1000 tons/year respectively, and make the total nylon 6 fiber production scale reach 5000 tons per year.

  USD 45 million.

  ^{The 4th generation functional fiber represents the trend of world chemical fiber development and play more and more important role in better life, health care and sanitary assurance. In China, this kind of fiber is just in its beginning and the supply can not meet the demand. Every year thousands of tons of functional fiber have to be imported from abroad. So it has a great market domestically.}

  ^{Total sales income will reach USD 24 million, total profit & tax USD 6.26 million, and the investment will be recovered in 5 years.
    Estimated total investment: USD 3 million (Imported heat setting: USD 2.5 million; Floating assets: USD 0.5 million)
    Annual sales income: USD 6 million
    Annual profit: USD 2.4 million
    Annual gross cost: USD 2.58 million
    Annual tax amount: USD 1.02 million
    The investment will be recovered in one year after it is put into production. The construction period will be one year.
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