BOPP Successfully Tested in Qingdao

Qingdao Qingyi Plastics Co., Ltd., jointly invested by China National Petroleum Corporation and China Petroleum (Hong Kong) Co., Ltd. for US$ 29.38 million, has undergone four months of preparations and ten months of intense construction. Its biaxially oriented polypropylene film (BOPP) ) The production line was successfully tested before it was put into operation once a day. It has now entered the production commissioning stage. After the production line reaches capacity, it will annually produce 25,000 tons of biaxially oriented polypropylene film. It is estimated that an annual sales income of 230 million yuan will be realized with a profit tax of 60 million yuan.
According to an AMI consulting company headquartered in Bristol, United Kingdom, by 2010, the annual growth rate of biaxially oriented polypropylene film production in China will remain at more than 9%. Experts in the industry pointed out that with the excessive production of biaxially oriented polypropylene film lines and excessive introduction into China, the phenomenon of a significant drop in product prices will be inevitable.