Home / Knowledge / News / Textiles / China Chemical to set up CPL plant in JV with Fuzhou
China Chemical to set up CPL plant in JV with Fuzhou
04
Nov '11
China Chemical Co recently announced that its wholly-owned subsidiary would set up a new project to produce caprolactam (CPL) in a joint venture (JV).

The wholly owned subsidiary – China Tianchen Engg Corp will set up the 200,000 tons per year caprolactam plant in a JV with Fuzhou Yaolong Chemical Group Co Ltd.

Tianchen will hold 60 percent of the total shareholding with the rest accounted for by Fuzhou Yaolong in the new company to be called China Tianchen Yaolong New Materials Company.

The CPL plant to be located in Jiangyin Development Zone, Fuqing City in Fujian Province, will be set up at a cost of 4.193 billion Yuan and would be operational in a period of 24 months.

China Chemical achieved total revenue of 28.584 billion Yuan and net profit of 1.369 billion Yuan in the first three quarters in 2011, representing an increase of 23.84 percent and 34.88 percent, respectively, year on year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search