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2020-E-NEWS NO.6

News Express :
▲According to the latest data released by the China Automobile Association, the production and sales of motorcycles in China were 1,544,700 and 1,594,100 units in April, increased by 10.38% and 21.54% month-on-month and 10.38% and 17.89% year-on-year. In the first four months of this year, the entire industry completed the production and sales of 4,237,800 motorcycles and 4,321,700 motorcycles, decreased by 13.47% and 11.54% year-on-year.
▲The world's first invention and revolutionary green new material EVE glue industrialization project---Ecombine Advanced Materials Co., Ltd.'s annual output of 300,000 tons of chemical rubber refining project, officially started construction in Qingdao on June 9. The project uses a completely self-developed new chemical rubber mixing technology, which completely subverts the rubber and filler physical dry mixing method that has been used in the rubber industry for a hundred years, breaks through the traditional classic abrasion theory in the field of rubber materials, and completely breaks The "Devil's Triangle" law that has plagued the world's tire industry for many years is known as the "fourth milestone" in the field of rubber tires as the original innovative technology.
▲MESNAC announced on the evening of June 8 that Ecombine Advanced Materials Co., Ltd. ("Ecombine "), a subsidiary of the company, intends to use its own funds and self-raised funds totaling 1,160,000,000 RMB to invest in the construction of high-performance rubber new materials recycling Economic green integration project (108,000 tons/year in the first phase). The project is expected to have a total construction period of 28 months. All construction investment is invested during the construction period, that is, 50% in the first year and 50% in the second year. Working capital is invested according to the production plan. After the project reaches production, it is estimated that the annual operating income will be about 2,000,000,000 RMB and the total profit will be about 300,000,000 RMB. According to the results of financial analysis and evaluation, the project’s financial internal rate of return after income tax is 21%, and the after-tax investment payback period is 6 years.
▲The output of Zhejiang Double Arrow Rubber Co., Ltd. is increased by more than 11% year-on-year in the first four months. There are 10,000,000 square meters of steel cord conveyor belts produced here yearly, mainly used in metallurgy, minerals, building materials and other industries. Although the epidemic is spreading globally, the mining industry has been relatively less affected. Now the company has invested about 60,000,000 RMB to build the second phase of the project to further release production capacity.
▲On June 18, Jinyu Tire Group laid the foundation stone for the annual production of 2,000,000 units of all-steel radial tires in Fudong Industrial Park, Tay Ninh Province, Vietnam. The factory will adopt the leading design concept of the tire industry, plan and design in accordance with the overall goal of factory digitization, intelligence, and lean, and adopt advanced technologies such as the Internet of Things, big data, fully automated robots, fully automated elevated warehouses, etc., to realize the unmanned, automatic and intelligent functions of warehousing and logistics.
▲Qingdao Dongya Precision Industry's rubber products project of 12,000,000 US dollars started in Pingdu, covering an area of 15 acres, and is mainly engaged in manufacturing and production of automotive gaskets. After the project is put into production, the annual output value will be 300,000,000 RMB, the tax will be 16,000,000 RMB, and 120 new jobs will be created.
▲Hefei Guorui Rubber Products Co., Ltd. invested in the construction of the annual production of 200,000 tire capsule phase I project is undergoing environmental protection acceptance. The project plans to invest 56,200,000 RMB to design an annual output of 200,000 tire capsules. The actual total investment of this inspection and acceptance project is 35,000,000 RMB. A tire capsule production line and supporting pollution prevention facilities have been built, and the annual production capacity of tire capsules has reached 88,500 units.