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According to Wendeng Government website, Beijing Blue Star Fine Chemical Co., Ltd and Zibo Hao Lin Group held Blue Star Wei Bang carbon fiber cooperation project signing ceremony in Nanhai New District, Wengding City.
New material industry is China current national focus cultivating strategic emerging industry. This industry has played an important role to accelerate the national economic development structure adjustment.
Ever since the inception of Nanhai New District development and construction, the district government always adheres to the strategic emerging industry as the focus of investment. They have introduced a large number of high-end, high quality and efficient cultivation project. A number of new energy, new information, new material projects have started operation in succession.
Beijing Blue Star Fine Chemical Co., Ltd and Zibo Hao Lin Group all have strong strength in their field in China. The two companies join hands in Wendeng will create a success story to promote high-tech and new materials industry development.
Blue Star Wei Bang carbon fiber project was introduced by Wendeng City Longshan Development Office. It is one of China national key support high-tech new material projects with an investment of $160 million USD (1 billion Yuan) and will be settled in Wendeng Nanhai New District.
Beijing Blue Star will offer a full range of technical support. The PLA General Armament Department, General Logistics Department, Sinopec, Petro China, and State Administration of Work Safety provide market support. A trial production is expected to be started in the middle of 2013.
After the project put into full production, it can produce 500000 square meters carbon fiber cloth, 230 tons carbon fiber materials, and achieve annual sales revenue $481 million USD (3 billion Yuan).
About Beijing Blue Star Fine Chemical Industry Co., Ltd:It is a subsidiary of China Blue Star (Group) Corporation with a registered capital of $2.4 million USD (15 million Yuan). It was approved as a high-tech enterprise in Beijing city in 2002. Hao Lin Group was established in 2000 with more than 500 employees and total assets 51.3 million USD (320 million Yuan).
About China National Blue Star (Group) Co, Ltd:It is centered on the chemical industry but focuses on new chemical materials and animal nutrition. The company has developed rapidly and has grown into one of China’s most successful chemical companies through constant innovations and M&A. The company now has 45 factories and 17 R&D centers around the world, in 150 countries and regions. In 2009, the company had $6.4 billion USD (40 billion Yuan) in sales income.
More information: www.wendeng.sd.cn - www.china-bluestar.comOriginal language Chinese