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(ChinaKnowledge) -- Hubei Yihua
Group, the parent of Hubei Yihua Chemical Industry Co Ltd., plans to invest more
than RMB 30 billion to build an economic and industrial park in Xinjiang Uygur
Autonomous Region from 2011 to 2015, in line with the government's 12th
five-year plan.
Jiang Yuanhua, board chairman of Hubei Yihua Group, said that the entire park
will have an annual output of 1.2 million kilowatts of electricity, 1.2 million
tons of synthesis ammonia, 2 million tons of carbamide, 1.8 million tons of
calcium carbide, 1 million tons of caustic soda, 1.2 million tons of polyvinyl chloride or
PVC and 2 million tons of blue carbon.
Reportedly, Hubei Yihua Chemical Industry intends to start a 300,000-ton PVC project in Qinghai Province, and the project, which
will cost RMB 1.62 billion, will reap estimated operating revenue of RMB 2.29
billion and gross profits of RMB 640 million.
mrcplast.com
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