Company Profile - Nanhai Jinlong Nonwoven Ltd.

Company Profile - Nanhai Jinlong Nonwoven Ltd.

General Status

- Registered capital: 4 mio. RMB

- Annual sales: 40 mio. RMB

- Turnover 2006: 2500t

- Capacity: 3500t

- No. of Employee: 100

- Key personnel:

President: Shi Ronghuan (施荣环), General Manager: Ye Xiping (叶锡平), Sales Manager: Han Guojin (韩国进), Chen Youjian (陈友坚)

Shareholding structure:

南海锦龙贸易公司 梁宜锦

The company is foreign investment (Hong Kong) company. The shareholders are actually from Nanhai region. They seldom engage in the daily management of the company.

中国恒天集团公司正式批复中纺机集团，同意衡阳纺织机械厂将其所持金浪股份有限公司7.30%的股权，与南海市锦龙贸易有限公司所持南海市锦龙无纺有限公司15.5%的股权和香港达益国际有限公司所持南海市锦龙无纺有限公司19.5%的股权，共计35%的股权进行置换；同意衡阳纺织机械厂将其所持南海市锦龙无纺有限公司35%的股权与发起设立金浪股份有限公司时衡阳纺织机械厂投入的资产进行置换。

The line provider, Dalian Huayang, also has 20% shares of Nanhai Jinlong. And Dalian Huayang could not sell the technology to 3^rd-party in 3 years since the set-up of Nanhai Jinlong. The agreement was expired in 2005 already.

Production facility and technology

Nanhai Plant

Location: Foshan, Guangdong

Production Lines:

Start	Processes	Width	Capacity	Provider
2002	Spunbond, thermal-bonded	3.2m	3000t/year	Dalian, combined line with German and Chinese technology
2006.7	Spunbond, thermal-bonded	2.4m	1500t/year	Dalian, calendar from Kuester

Applications:

Filtration, automotives, medical care

PVD (Geotextile)

Products

15g-230g white nonwovens

35g-230g black nonwovens

Suppliers

Yizheng Chemical Fibers

Market and Customers

International market

- 230g is sold by agent in Europe (BBA HongKong?), for filtration applications.

- FFS (Freudenberg Fareast Spunweb) buys 500t per year (2006) from Nanhai Jinlong.

Domestic market

- Vertical Drains

Main Competitors

Jiangxi Guoqiao, Shandong Taipeng, Liaoyang, Tianjin Hengguan

Others

Logistics

- Difficulty in handling large rolls (1000m length)

Management

Well-organized team, healthy managerial structure, mature sales force, good customer service