A New Material Project of Beijing Chemical Industry Research Institute Settled in Yuyao-企业官网

　　For the promotion of the research and development of plastic products and the leading position of China Plastics City, a joint project of new materials of the Administrative Committee of China Plastics City and Beijing Chemical Industry Research Institute officially settled down in Yuyao.

　　At about 9 o’clock on the morning of April 22, in the auction hall 1 of Yuyao Bidding Center, the auction of the land for the project of new materials of Beijing Chemical Industry Research Institute was made. The first phase of the project is located in Yuyao Coastal New Town. The project covers an area of 46.77 mu. The investment totals 180 million yuan with its registered capital amounting to 30 million yuan. It is a project of the development and modification of macromolecule plastic materials.

　　Reportedly, the sales volume for the first phase of the project is expected to reach 30,000 tons with the sales value totaling 500 million yuan. In addition, Beijing Chemical Industry Research Institute will set in Yuyao its national general engineering plastic research center and a branch of Beijing macromolecule quality supervision station. This project, together with the institutes under China Weaponry Industrial Group is expected to speed the development of the plastic industry of Yuyao and it is a highlight of the transformation and upgrading of China Plastics City.