At the end of the year and the new year, China Shenma Group Co., Ltd. had a happy event. On December 16, 2005, Shenma Group held a groundbreaking ceremony for a 200,000-ton nylon 66 salt complete project. On December 30, 2005, a 50,000-ton caustic soda production system was successfully commissioned; at the beginning of 2006, 6,000 tons of high-modulus and low-shrinkage polyester Industrial yarn will soon be completed and put into production. The construction of these projects has enabled Shenma to take a solid step toward establishing the goal of “building China's first, world-class nylon chemical baseâ€.
Shenma once suffered a serious loss a few years ago and has now leapfrogged. This is due to the fact that the company has been able to develop its own business through independent innovation. In order to realize the goal of “building China’s first, world-class nylon chemical baseâ€, Shenma Group has determined nearly ten key projects on a down-to-earth basis. In order to implement these projects, the group gave full play to its role as a technology center, innovated on the basis of digesting and absorbing imported technology and equipment, and independently built a 100,000-ton Nylon 66 Salt Salt Project with a localization rate of over 90%. 200,000 tons of nylon 66 salt complete sets of projects, 20,000 tons of continuous polymerization section projects and other projects. At the same time, it innovated the scientific and technological development model, insisted on the combination of production, learning, and research, and accelerated the research and development of new technologies and new achievements in the chemical and chemical fiber industries. At the end of June last year, Shenma Group established a postdoctoral scientific research station and introduced a doctorate stationed in the park. It signed a science and technology cooperation and development agreement with Tsinghua University and Zhengzhou University. In early November of last year, Shenma Group held a comprehensive cooperation signing ceremony with the Hefei Institute of Materials Science, Chinese Academy of Sciences. Strong scientific and technological development capabilities and scientific and technological achievements at the forefront of the industry have added a powerful impetus to the expansion of Shenma.
The ambitious goal and effective measures have enabled the Shenma Group's production and operation to grow rapidly. From January to November 2005, Shenma Group achieved a sales revenue of 4.264 billion yuan, an increase of 54% year-on-year, and a profit of 220 million yuan, an increase of 31.6% year-on-year. All the targets reached record highs.
Shenma once suffered a serious loss a few years ago and has now leapfrogged. This is due to the fact that the company has been able to develop its own business through independent innovation. In order to realize the goal of “building China’s first, world-class nylon chemical baseâ€, Shenma Group has determined nearly ten key projects on a down-to-earth basis. In order to implement these projects, the group gave full play to its role as a technology center, innovated on the basis of digesting and absorbing imported technology and equipment, and independently built a 100,000-ton Nylon 66 Salt Salt Project with a localization rate of over 90%. 200,000 tons of nylon 66 salt complete sets of projects, 20,000 tons of continuous polymerization section projects and other projects. At the same time, it innovated the scientific and technological development model, insisted on the combination of production, learning, and research, and accelerated the research and development of new technologies and new achievements in the chemical and chemical fiber industries. At the end of June last year, Shenma Group established a postdoctoral scientific research station and introduced a doctorate stationed in the park. It signed a science and technology cooperation and development agreement with Tsinghua University and Zhengzhou University. In early November of last year, Shenma Group held a comprehensive cooperation signing ceremony with the Hefei Institute of Materials Science, Chinese Academy of Sciences. Strong scientific and technological development capabilities and scientific and technological achievements at the forefront of the industry have added a powerful impetus to the expansion of Shenma.
The ambitious goal and effective measures have enabled the Shenma Group's production and operation to grow rapidly. From January to November 2005, Shenma Group achieved a sales revenue of 4.264 billion yuan, an increase of 54% year-on-year, and a profit of 220 million yuan, an increase of 31.6% year-on-year. All the targets reached record highs.
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