100,000 tons per year
EVA resin is the multipolymer of ethylene and vinyl acetate. EVA resin is nontoxic and it has good plasticity, rubber-like resilience, transparency, chemical stability, ageing resistance and pliability (even under -50℃ degree). It also has good miscibility and stainability and is easy to mold and process. Therefore it has found wide applications in many aspects. In recent years the consumption of EVA by China has been growing at 10% every year and is expected to reach 1,200,000 tons to 1,300,000 tons by the year of 2015.
The project is located in Jining Chemical Industrial Development Zone in Jinxiang county. High pressure bulk technique is used in this project and the production equipment can alternatively produce LDPE. It is suggested that the production equipment should be imported from abroad since China doesn’t produce this kind of equipment although the research began as early as in 1970s. The main suppliers include BASF, Imhausen/Ruhrchemie, Sumitomo Chemical and Enimont, etc.
The Zone has all necessary supportive infrastructure for this project.
Investment and Profit Analysis
The total project investment is 520 million yuan. The sales revenue is expected to reach 1.09 billion yuan and the yearly profit of 120 million yuan. The ROI is 22% and the payoff period is 5 years.
Preparation work is in progress.
Joint venture, sole proprietorship or joint-stock system