Juhua shares 220 million investment PVDC project

Drying equipment

Juhua announced on the evening of September 23 that the company plans to independently develop PVDC (polyvinylidene chloride) emulsion and multi-layer co-extruded PVDC resin polymerization production technology. It is invested by a wholly-owned subsidiary Zhejiang Yuzhou Jusu Chemical Co., Ltd. 22199 10,000 yuan, to build a 100kt/a polyvinylidene chloride high-performance barrier material project (Phase I) Section A project, that is to build a set of 5kt/aPVDC emulsion device, a set of 5kt/a multi-layer coextrusion PVDC resin device.

The project is planned to be built on the west side of the company's existing 28kt/aPVDC plant and 140 acres of land will be newly acquired. The project is planned to be completed and put into production in October 2014. It is expected that after completion and production, the average annual new sales income will be 157.14 million yuan in the normal year, with an average annual net profit of 29.01 million yuan, and the average annual investment return rate will be 18.73%.

PVDC is a thermoplastic polymer with a softening temperature of 160-200°C, which is mainly composed of vinylidene chloride. The ability to block moisture, oxygen, odor, and fragrance at any temperature or humidity is currently recognized as the best overall packaging material for barrier properties.

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