On April 22, Hainan Sinochem Rubber Ltd. was established with the hanging of the signboard in Danzhou, major rubber production area in Hainan.
Xu Weihui, General Manager of Sinochem International attended and addressed the signboard-hanging ceremony.
Hainan Sinochem Rubber Ltd. under the holding of Sinochem International is established between two strong partners of the former Hainan Sinochem Chengxing Rubber Ltd. and Hainan Sinochem Anlian Rubber Ltd. Through nearly ten years of development, the two companies have become sizable private entities in rubber industry in Hainan with quite strong influence in the west of Hainan through the core competitiveness of new technology and R&D of new products.
Sinochem Anlian Rubber is a State level enterprise with new and high technology , and it has filled the gap of industrialization of meridian tyre rubber in China.
Xu Weihui pointed out in his address that as the largest private rubber processing and manufacturing enterprise, Sinochem Rubber would base itself upon Danzhou with orientation to the whole province, and would integrate and upgrade the private rubber industry of Hainan with advanced technology, powerful marketing and distribution network and abundant capital.
It is expected that Hainan Sinochem Rubber would achieve an output of 1 billion Yuan in 2007. The aim in 3 years time is to reach the processing capacity of 100,000 tons. The establishment of the new company is conducive to steadily raising the self-supply rate of natural rubber in China, to meet the demand for high quality natural rubber from domestic rubber enterprises, and also helpful to increase the income of rubber farmers in the production area.
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