Chinese seek investors.(Department of International Cooperation Science and Technology Bureau)(Brief Article)

Urethanes Technology, August, 2005

SHENYANG, 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 will be 10 000 tonnes, according to an announcement from the Shenyang authority. Production costs are RMB (Yuan) 40 000 per tonne ($4833), and the selling price is RMB 60 000 per tonne, so annual profits can reach RMB 200 million," the statement added.

The product has good wear and low-temperature resistance, and "advantages compared with products of the US DuPont," the statement said.

The project is being managed by Wu Zhi, who...

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