The removal project phase one of Hangzhou Zhongce Qingquan Industrial Co., Ltd. was formally put into operation in October while the entire project is expected to put into operation in the first half of next year.

Zhongce Qingquan project, with a planning area of 572 Mu and the total investment of 3 Billion Yuan, will produce 5 Million units of TBR, 100 Thousand ton of carbon black and 63 Million kilowatt hours annually. After the completion of the project, it will achieve the annual output value of 10 Billion Yuan and the annual profit of 300 Million~500 Million Yuan. This project started up in August 2010 and the accumulated invested funds were 2.55 Billion Yuan.

Up to now, two 30000-ton production lines of the carbon black project phase one have been put into trial operation. One production line of the power generating project has been in the stage of trial production, while the second line is in the stage of debugging. 8 production lines of the tire project rubber mixing plant have been in the stage of trial production, two production lines in the stage of debugging and the other two lines starting the removal and installation. For the tire plant, the major building structure has been completed and 60% of the construction and installation work has been finished; the second part of the plant has been in the stage of trial production.

According to information, with the construction of phase one project, Fuchunjiang Industrial Plant and Zhongce Fuyang Plant in Yinhu District are stepping up the pace of removal. Two carbon black production lines in Fuchunjiang Industrial Plant have been closed down and Zhongce Fuyang Plant has gradually shut down. Through removal, the company realizes the resources integration and forms a relatively integrated production chain from carbon black, rubber mixing to tire manufacturing, which greatly saves the transportation cost.