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Shandong Qilu Chemical Textile Co., Ltd. New Composite Material Base Project

Introduction:

The total investment of the project is more than RMB600 million, and the main source of funds is self-raised. The construction of the project started in 2018, with an investment of RMB26.2 million completed and a planned investment of RMB48.5 million in 2019. The project is planned to be completed and put into normal production by early 2020. The project will adopt various new technologies, new processes and new equipment to carry out the project construction of various new composite materials and the production of new composite material products, so as to meet the application requirements in the fields of aerospace, medical and Healthcare & elderly care, electronics, and so on. Main construction contents include: Good Manufacturing Practice (GMP) Clean and Closed Workshop, as well as production facilities for new types of composite materials. At present, the main projects that have been included in the project construction or investigation are: The project of new composite supermembrane material, which is mainly used in the market of biological Healthcare & elderly care, Healthcare & elderly care, health preservation and other fields; Non-metallic electromagnetic function new material project, its products are mainly used in the fields of electronics, communications, aerospace, medical devices and national defense military industry, belongs to the electronic industry revolutionary cross-border replacement products; Degradable new composite material project, the project makes full use of natural degradable raw materials to achieve environmental protection production process, the products have environmental protection characteristics, mainly used in Healthcare & elderly care and other fields. Among them, the project technology of composite supermembrane new material in the project of new composite material base won the first prize of provincial and ministerial level scientific and technological progress in 2018, and its technical level is in the international advanced and domestic leading level.

Market Potential (or Benefit Analysis):

In recent years, with the progress of nonwoven technology and the development and application of new fibers and differential fibers, nonwoven applications in the fields of Healthcare & elderly care, environmental protection, architecture, automobiles, aerospace and other fields have been excavated, making nonwoven industry into an explosive period. In 2018, the domestic nonwovens industry will continue to develop rapidly, overcoming the adverse effects of the price rise of chemical fiber raw materials. From January to November, the main business income and profit of non-woven fabric enterprises above designated size increased by 8.86% and 1.49% respectively. From the export data, the average price of nonwovens increased slightly. The export delivery value of enterprises above the industry scale increased by 5.34%, the export volume by 832,000 tons and the export value by USD2.58 billion, up 2.5% and 8.7% respectively, and the share of Chinese nonwovens in the US market also increased slightly. In the past five years, the domestic market share of nonwovens has been basically maintained at about 85%, which has been the leading force to support the sustainable and healthy development of nonwovens industry. In the category encouraged by National Development and Reform Commission's Catalogue of Guidance for Industrial Structure Adjustment (2015 Edition), it is proposed to adopt high and new technologies such as weaving, non-woven fabric compounding, multi-layer on-line compounding and long-term multi-functional finishing to produce industrial textiles that meet the needs of various fields of the national economy. The Development Plan of Textile Industry (2016-2020) puts forward that the development and promotion of industrial textiles for medical treatment, environmental protection and emergency protection should be accelerated with the focus on expanding new application areas. The 13th Five-Year Plan Development Guidance for Industrial Textiles Industry has decided to focus on the development of "medical and health industrial textiles" and to speed up the promotion of the application of disposable medical textiles such as surgical clothes and surgical hole towels. At present, the traditional textile and garment industry in developed countries is shrinking, but the development of industrial textiles is strong. The proportion of industrial textile processing in developed countries, such as the United States and Japan, accounts for more than 40% of the textile fiber processing. After the project is put into operation, the annual sales income is more than RMB500 million, the annual average profit is nearly RMB80 million, and the annual average net profit is nearly RMB60 million. The internal rate of return of this project investment after income tax is 12.7%, the net present value of the project investment after income tax (ic=12%) is RMB15.746 million, and the payback period of the project investment after income tax (including the construction period) is 8.9 years; Total investment rate of return is 11.2%.

Project Contact \Contact number:

Dai Chunfang     0531-81978101    

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