Dalian Shide building $149 million profile extrusion plant
20/07/2010
Chinese PVC window and door giant Dalian Shide Plastics Industry Co. Ltd. is spending up to 1 billion yuan ($149 million) on a factory complex in the northern city of Changchun, Jilin province, capable of producing 160,000 metric tons of profiles a year
The company, based in Dalian, Liaoning province, said the initial phase would be an investment of 750 million yuan ($112 million) with production of 120,000 metric tons. It said the whole project is scheduled for completion in March. The factory would be the firm’s eighth and give it production capacity of more than 900,000 metric tons in China. Company officials declined to comment but Shide’s website said the firm’s sales in 2009 topped 10 billion yuan ($1.47 billion), a 30 percent increase from the previous year, as the company benefited from Chinese government policies to stimulate the country’s construction and real estate sector. Shide also finished a factory in Luo He, Henan Province, in late 2009, another investment of 1 billion yuan ($149 million) with capacity of 160,000 metric tons.
