The contractors are really moving it up on the site of Apical Oleochemical (Taixing) Co Ltd's new production plant – located in the Taixing Economic Development Zone – in the city of Taixing in East China's Jiangsu province.
The project is being funded by parent group Singapore-based manufacturing giant RGE (Royal Golden Eagle) Group and is a major project in the household chemicals products supply chain for the Taixing EDZ.
With an investment of $458 million, when completed phase I will process and produce stearic acid, hydrogenated palm oil and other oil products using palm oil, fatty acid and crude glycerin as raw materials.
The plant will generate annual sales of 8 billion yuan ($116.23 million) and revenue up to 400 million yuan. It is expected to start operating in February, said Zhang Xinlong, an engineer at Apical Oleochemical (Taixing) Co Ltd.
Similar fast-paced activity is also taking place at phase II of a plant being built by Runtai Chemical Co Ltd. Deputy general manager Song Wenguo said that the fifth and sixth workshop had now finished civil engineering work and the equipment would be installed soon, with the public auxiliary facilities set to complete groundwork in the first quarter.
Earlier this year, the Taixing EDZ dispatched commissioners to publicize the zone's 10 measures benefiting resident enterprises and to help resolve any difficulties they had in resuming work. To date, over 80 percent of key projects there have resumed construction.