Zhejiang Huatesi Polymer Technical Co., Ltd.
Our company is a large high-tech private enterprise which covers an integral line of production, processing, trade and scientific research. Our Registered Capital is RMB 80.18 million and we have an area of 230 acres and 1000 employees. Our company is located in "China Bamboo Hometown" - Tianzi Lake Modern Industry Area, Anji District, Huzhou City. We are near Hangzhou Highway and the shipping port.
Our Main products are polyester chips, POY, FDY, DTY, PET, PTA, MEG, chemical fiber and other related products. To improve our market competitiveness, accelerate industrial restructuring and enhance our overall strength, our company invested RMB 278 million and cooperated with China Textile Research Academy, to develop a melt spinning project that has an annual output of about 160,000 tons of polyester filament yarn (POY, FDY). We also introduced polyester spinning equipment - "low-temperature short process tower continuous polyester technology" and "national productivity of a direct high-speed spinning machine". This equipment belongs to National 21st Century High-Tech Research Project, with parts of accessories imported from Germany, Japan, the UK and the USA. Phase 1 construction was finished in 2008, with annual turnover of RMB 1 billion. During Phase 2, we invested RMB 220 million in our project, and it will be put into production in Sep. 2010. Then we will enjoy POY annual production capacity of 180,000 tons, with annual turnover of RMB 2 billion Yuan.
Our company is actively preparing for the establishment of a Group Company now and plans to set the headquarters in Anji. After the two projects are completed, we will strive to successfully go public in domestic stock markets within five years. Our company will maintain the spirit of "professional, honest, efficient and innovative", implement the strategy of "scientific management, diversified investment, scale of development", and commit ourselves to becoming an internationally competitive and influential company.