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Foreign Cooperation>> Foreign Cooperation
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Yanshan Petrochemical Company always takes the introduction of foreign advanced technology, advanced management experience and enlargement of international cooperation as development strategy, and it has made great progress on foreign joint venture and cooperation. Since first joint venture was established in 1995，Yanshan Petrochemical Company has 5 joint ventures at present and total amount of investment has reached 7.37 hundred million RMB Yuan.
The joint venture activities of Yanshan Petrochemical Company are gradually enlarging to midstream, downstream of all directions, including the cooperation and joint venture in the areas of high quality and high additional value petrochemical downstream products, waste water disposal and reclaimed water production, machine manufacturing etc. Many international famous enterprises are cooperative partners such as DuPont Corporation, Veolia Water Group, and Mitsubishi Chemistry Corporation and so on.
In addition，China Petroleum & Chemical Corporation and Japan's Mitsubishi Chemical Corporation had reached an agreement on bisphenol A and polycarbonate production, and a new joint venture corporation will be prepared to establish at Yanshan Petrochemical Company.
Yanshan Petrochemical Company hopes to rebuild old enterprises and adjust product structure through joint venture and introducing advanced technology and management experience. And it is forming strategic alliances with the world's major multinational companies to develop together, and achieve a win-win result on the base of reciprocity and mutual benefit.
Joint ventures established are as follows:
1. Beijing Julingyan Plastic Co., Ltd
Beijing Julingyan plastic Co., Ltd, established in October, 1998，is a joint enterprise producing and selling polypropylene alloy materials used for automobile. With Yanshan Petrochemical’s high quality polypropylene basic resins and advanced technology of Japan Juhua Corporation which is a joint venture corporation of Mitsubishi Chemical Corporation and Tonen Chemical Co., Ltd, Beijing Julingyan plastic Co., Ltd manufactures polypropylene alloy products and sells in the China- mainland market.
The joint venture was invested and established by Japan's Mitsubishi Chemical Corporation, Japan's Toyota Trade Co., Ltd. and Yanshan Petrochemical Company. The investment percentages of three parties are: Japan's Mitsubishi Chemical Corporation 55%, Yanshan Petrochemical Company 40%, and Toyota Trade 5%. Now the employees are 129. In recent years, the company has maintained a rapid growth.
2. Beijing Yanshan Funken Precision Machinery Co. Ltd.
Founded in 1995, it is the special manufacturer and supplier of powder supply, measuring and mixing devices researched and developed in china. The joint venture is invested and established by Yanshan Petrochemical Company and Japan Funken Co., Ltd. The investment percentage of two parties are: Japan 60％，Yanshan Petrochemical Company 40％. Its registered capital is two hundred millions yen（RMB 5.632 million Yuan）. The duration of joint venture is 50 years. The joint venture has 42 employees, of whom two are from Japan.
With unique technology and advanced management model of Japan Funken in the area of powder industrial research, on basis of Japan JTS quality standard, and integrating the developmental demands of Chinese powder industry, the corporation provides domestically high precision metered-flow machine, powder-powder mixing machine and powder-liquid mixing machine which have the same technique, equal quality with Japan Funken, and according to the demand of Chinese market, it independently develops wind lock device which is protected by Chinese intellectual property. Currently, the company has three national patents, and has achieved China Metrology Certification (CMC). Beijing Yanshan Funken Precision Machinery Co. Ltd was approved as “High and New Technology Enterprise in Beijing City” in 1996.
The company’s products have been spread throughout 27 provinces, cities and autonomous regions in China; the products began to be exported in 2006 to India, Pakistan, Vietnam, Laos, United Arab Emirates and other countries. The application industries of the products are concentrated in cement, petrochemical, metallurgical industries and so on.
3. Beijing Yanshan Nakajima Packaging Machinery Co.,Ltd
It was invested by Yanshan Petrochemical Company, Japan Nakajima and Yanshan Funken and established officially in March 2006. Total investment and registered capital is 660,000 US dollar. The duration of joint venture is 50 years. The investment percentage of three parties: Nakajima 51%, Yanshan Petrochemical Company 34%, Yanshan Funken 15%.
The business scope of joint venture is to manufacture and sell powder pumps, packaging units and the related equipments, related products and consumables on the base of Nakajima design; provide equipment installation, assembly, testing, repair, maintenance, training and technical guidance.
4. Beijing Yanshan Veolia Water Co. Ltd
Established in April 2006, Beijing Yanshan Veolia Water Co. Ltd--one of the cooperative projects between Yanshan Petrochemical and Veolia Water which is one of the three major global water service groups, and put into operation in June 2006 formally. Total investment and registered capital is RMB 142,400,000 Yuan. The share ratio of two parties is 50 to 50. The duration of joint venture is 50 years.
The business scope of the corporation is to receive and process waste water, supply reclaimed water and relevant services. After the establishment, joint venture brings its professional advantage into play and operates well. The quality of the emitted waster of joint venture from the only drain outlet to Niukouyu reservoir is superior to water emission standard of second category water substance of Beijing City.
5. Beijing Huamei Polymer Co., Ltd.
Beijing Huamei Polymer Co., Ltd. was established by China Petroleum & Chemical Corporation and DuPont China Holdings Co., Ltd in August, 2007, and two sides share ratio is:China Petrochemical 55%，DuPont China Holdings Co., Ltd 45%. Total investment and registered capital is RMB 356,363,600 Yuan. With advanced EVA manufacturing technology of US DuPont, the joint venture modified 3# product line of 1# LDPE process unit at No.1 chemical works of SINOPEC Yanshan Company, and manufactures EVA and blend products with annual capacity of 60,000 tons. The duration of joint venture period is 50 years.
The joint venture will integrate professional competitive advantages of technology and manufacture of both sides and provide wide range of high-quality professional EVA products that will be helpful to meet China's fast-growing demand for EVA products.
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