BASF expansion
()
06/08/2001
BASF Hua Yuan Nylon Co Ltd, which has 650 million yuan (US$78 million) of investment, will start an expansion project to increase output of its nylon carpet yarn. "The purpose is to meet the growing need for nylon carpets on the Chinese market," said Jim Chastain, senior manager, BASF East Asia Headquarters. He said the expansion will contribute to reducing China's US$200 million of annual imports of nylon carpets. The authorities have forecast that China will need 20 million square metres of nylon carpets a year between 2001 and 2005. The figure is expected to increase to 50 million square metres after 2005.

print edition



China Daily

HK edition

business weekly

Shanghai star

reports from China



web edition news