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The morning of June 19, Wuhu CONCH Profiles and Science Co., Ltd. signed an investment agreement with Urumqi ETDZ. Based on the agreement, CONCH will invest a 40,000 tons plastic profile production Base in the zone.
The total investment of the project is RMB 200 million. The first phase will build 20,000 tons of plastic profiles and 20,000 square meters windows projects with investment of RMB 120 million. It will start the construction in July this year, and will be put into operation next year. After completion, the popularity and the market share of the company will get improved at Central Asia market. At the same time, it will promote the development of up and downstream industrial chain of Urumqi.
According to statistics, annual consumption of profiles in Xinjiang and Central Asia will be 80,000-100,000 tons. The settlement of Conch Profiles in the zone mainly focuses on the market of north-west and Central Asia.
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