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 Subsidiaries    
Zhejiang Xinfengming Chemical Fiber Co., Ltd.
Zhejiang Xinfengming Chemical Fiber Co., Ltd., specialized in the production of chemical filament yarns, was established at Quanzhou Town, Tongxiang City, Zhejiang Province in 1996. Covering 45 mu, now it has total asset of 270mln yuan and over 500 employees, capable of putting out 45kt of all varieties of polyester FDY, POY and DTY annually with its advanced automated spinning equipment and consummate matching public work facilities. In 2007, the profits and taxes reached 16.27mln yuan amid the sales revenue of 530mln yuan.
In 2001, the company set up the technology center-Tongxiang Chemical Fiber Development&Research Center, targeting at developing high-function, high-performance, high-tech, and high value-added novel differential products, to improve the differentiation rate. Over the past few years, with the concern and support from relevant departments as well as some favorbale policies, it completed a series of technological transformation and innovation, and has successfully developed polyester filament yarns such as colored composite yarns, fine silk-like yarns, bright trilobal low-elastic intermingled yarns, bright heterogeneous porous silk-like yarns, etc., which all have passed the provincial technical appraisal and are produced in large scale.

In recent years, facing the rigorous situation for chemical fiber industry, the company enhances the inner management, extends the market, holds people-oriented tenet, makes scientific and technological innovation, strengthens the market research and analysis and product restructuring constantly, always adheres to the guiding ideology that "Science and technology are primary productive forces", promotes scientific and technological progress, and has made substantial achievements and progress. Its leading products, "Fengming" brand polyester filament yarns, are the brand-name products in Zhejiang Province. The enterprise passed the ISO9001 Quality Management System and the ISO14001 Environmental Management System Certification respectively in 1999 and 2008, and currently it is operating well with high efficiency.


Tongxiang Zhongwei Chemical Fiber Co., Ltd.
Tongxiang Zhongwei Chemical Fiber Co., Ltd was set up in early 2001. It is a subsidiary of Xinfengming Group which specializes in producing chemical filaments. The company is located in north of Zhouquan Town of Tongxiang City, which covers an area of 38 mu and a building area of 30,000 square meters with about 400 employees. In 2001, Zhongwei invested 0.12bln yuan on technical transformation project by adopting advanced technology at home and abroad and techniques as well as modern production technology and equipments of polyester POY and FDY from Toray Co., Ltd in Japan. The company started production in May 2002 and completed a total investment at the end of the same year. With a total asset of 0.28bln yuan, the company has advanced POY spinning line with 32-position, FDY spinning line with 72-position and corresponding draft and DTY machine and improved public works facilities. It mainly manufactures ^Fengming ̄ polyester POY, FDY and DTY with a total capacity of 40kt/yr and the production of FDY also becomes a new aspect for economic growth. Through the years, the company successfully developed nanometer anti-ultraviolet ray functional fiber and breathable functional fiber, which have passed provincial technological achievement appraisal. The company was regarded as high technology enterprise in the year of 2005 and passed ISO9001:2000 Quality System Recognition in 2002 and ISO14001 Environmental Management System Recognition in 2008.

The company produced 58.438kt of chemical filaments in 2007, realized 412mln yuan of sales revenue and 6.64mln yuan of profits with over 10 thousand yuan turned in to state taxes. The products especially polyester FDY are marketable in Zhejiang and Jiangsu markets. In following years, the company will focus on the development of new products and technological innovation, strengthen technology and work of talent recommendation, develop high-grade, high-tech, high-quality and high-value-added novel products to enlarge enterprise scale, enhance competition strength, anti-risk ability and face more drastic challenges.


Tongxiang Zhongxin Chemical Fiber Co., Ltd.
Tongxiang Zhongxin Chemical Fiber Co., Ltd. which is invested by Xinfengming Chemical Fiber Co., Ltd. and established in 2003 in Zhongchi Industry Park is specializing in the production of filament yarns. The company comprises an area of 110 mu and has a total assets of 684 million yuan, with about 800 employees. Zhongchi Industry Park is the first enterprise-run industrial park in the city, which is approved by Tongxiang Municipal Government. It covers an area of 500 mu.
  
Zhongxin Chemical Fiber is equipped with a polyester melt spinning line with a total investment of 450 million yuan and an annual production of 200kt (of which 120kt/yr of polyester melt for direct spinning and 80kt/yr of melt granulating for polyester chip production). The production line takes automatic polyester spinning production facility introduced from US DuPont and Japanese TMT and adopts the process of polyester melt directing spinning, spinning-drawing one-step process and grafting method. The line which was put into production in Mar 2004 takes imported PTA and MEG as raw materials and mainly manufactures fiber-grade polyester chip, polyester POY and polyester FDY. Zhongxin Chemical Fiber ranks top among the surrounding chemical fiber enterprises on the production scale, technology level and industrial level. Its products are exported to Middle East, South America and other countries. The company has developed some high-tech products recent years, and is rated as high-tech enterprise in Zhejiang Province. The company passed ISO9000 Quality System Recognition in 2004 and ISO14001 Environment Management System Authentication in 2008.
  
The sales revenue reached 1.868 billion yuan in 2007 and the company turned in 25.20 million yuan of tax, with a profit of 74.07 million yuan. It exported 9091 tonnes of products in 2007, with a foreign exchange earning of $12.14 million (about 93.07 million yuan).

Tongxiang Zhongchi Chemical Fiber Co., Ltd.
Tongxiang Zhongchi Chemical Fiber Co., Ltd, a polyester filament yarns producer, is invested about 0.68 billion yuan by Xinfengming Group in Zhongchi Chemical Fiber Industrial Park in Aug, 2007. The company site occupies 120 mu (about 80,000 m2) and the company has more than 700 employee.
  
Zhongchi Chemical Fiber has a 200kt/yr direct-spun polyester filaments production line with total investment of 0.5 billion yuan, applied with first-class US Dupont and Germany Barmag automotive polyester filaments production equipments. The company imported PTA and MEG feedstock to yield fiber grade polyester chip, polyester filament yarn POY, FDY and etc. Zhongchi aims to service middle-to-upper-class customers with its high quality and its products have been exported to Middle East, South America and other countries.

Zhejiang Xinfengming Import & Export Co., Ltd.
Zhejiang Xinfengming Import & Export Co., Ltd., a member company of Xinfengming Group, is located in No. 3788, Jiangnan Road, Zhijiang Sci-tech Park, Hangzhou High-tech Development Zone. The company with 5 million yuan registered capital, centers on trading business of chemical fiber feedstock and other materials and it is agent of Xinfengming Group for raw material import and products export, as well as other domestic trades.

The company has many excellent employee including MBA, college graduates, senior engineers, senior accountants and etc. It has experienced import and export business and established outstanding image and credits among suppliers and customers.

 

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