Source: Guangdong plastic mesh - Guangdong Plastics Industry Association | Author: - | Release Date :2014-06-10

Samsung Group is a subsidiary of ABS and polycarbonate resin manufacturers Cheil Cheil Industries has opened a new plant in Dongguan.
 

The company issued a press release that Samsung Engineering Plastics Co., Ltd., Dongguan City, a project includes a 22,000 square meters of new plant, equipped with four production lines, plastic annual production capacity of 27,000 tons. The company will provide products downstream industries, including IT, automotive and electrical industries.
 

The company on its website will be defined as the product of its engineering plastics polycarbonate (PC), polycarbonate alloys and "super engineering plastics." However, Dongguan Branch, said the production of ABS and PC resins.
 

The company said the new plant is located in southern China is one of three factories for the Chinese market services. The other two plants located in North Chinas Tianjin (capacity 24,000 tons) and South Korean port city of Yeosu, which is designed for East China (capacity of 240 thousand tons).
 

Cheil said company CEO Nam Seong Cho, factories in southern China to allow the company to improve the supply capacity of the Chinese market, here is Chinas largest regional market.
 

The company said that now strive with its regional "real-time supply system fully into the Chinese market."
 

The local government said that the plant has been officially opened May 29 operation. A project estimated annual sales will reach 780 million yuan.
 

The Government said that the construction of the project hit a speed le foreign Dongguan new record. From the project contract to put into trial production took only eight months.
 

Cheils chemical business last year a record operating profit of 2.8 trillion won ($ 2.7 billion) a new high, with a total sales of 4.41 trillion won ($ 4.26 billion).
 

The company said fourth-quarter demand for basic materials tumbled, but cost savings through value-added products and expand sales in the first quarter, and reversing the decline.