Qinglong Pipe Industry announced on the evening of August 16 that the company plans to establish a wholly-owned subsidiary, Henan Qinglong Plastic Pipe Co., Ltd., and implement the plastic pipe R&D, production and sales project company. According to the report, the total investment of the project is 340 million yuan. The site is located in the new manufacturing industrial park in Anyang, Henan Province, covering an area of 120 mu. It plans to build a PE pipeline production line and supporting facilities with an annual output of 30,000 tons, of which: The first phase investment is 100 million yuan to build an annual output of 10,000 tons of PE gas pipes, PE water supply. Pipe and pipe production line, scheduled to be completed in December 2018; Phase II investment of 240 million yuan to build an annual output of 20,000 tons of PE gas pipe, PE water supply pipe and pipe fittings production line, is scheduled to be completed in August 2021. After the project is fully operational, will The annual production of PE gas and water supply pipe is 30,000 tons, and the annual business income is 500 million yuan. The estimated production capacity is 10,000 tons, the annual enterprise income tax and value-added tax can reach 8 million yuan; the production capacity reaches 30,000 tons, the annual corporate income tax And the total value-added tax can reach 30 million yuan.
Qinglong Pipe Industry Co., Ltd. stated that the establishment of a wholly-owned subsidiary engaged in the research and development of plastic pipe is in line with the company's long-term strategic development needs. At the same time, it can make full use of the advantages of local resources to maximize the demand for plastic pipes in Henan and surrounding areas. Municipal engineering water supply, gas supply to provide quality and cheap pipe, improve the company's product range in the local market, optimize the company's product structure, enhance the company's competitiveness in the local market.