SIJIA GROUP COMPANY (HK: 1863), a leading manufacturer of high quality soft-texture reinforced materials in the PRC, has once again boosted production capacity in order to chase growing demand and expand its business.

Its latest expansion includes new projects in both Shanghai and Fuzhou, constituting an investment of over 100 million yuan.

Sijia Group announced that the commissioning ceremony has been held in Shanghai Sijia Industrial Park and the new project in Fuzhou Manufacturing Center has been put into operation as of November 2012, so as to generate more profits and strengthen the group’s leading position.

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Sijia Group Chairman Lin Shengxiong hosts the commissioning ceremony at Shanghai Sijia Industrial Park.  Photo: Company


The commissioning ceremony at the Shanghai Sijia Industrial Park was held last month, with the facility located in Shanghai’s Jinshan District with the project’s total gross floor area at 57,000 square meters.

“As new projects in Shanghai and Fuzhou Sijia Industrial Park have been put into operation successfully, the Group will devote more effort to building itself as a world-class plant of the most advanced technological and managerial levels.

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Sijia Finance Department Head Wu Yonggui (left) told investors in Hong Kong recently that biogas is a huge potential growth driver. Photo: Andrew Vanburen

“We aim to offer our customers products of better quality and better after-sales service,” said Sijia Group Chairman Lin Shengxiong.

China’s Ministry of Science and Technology rates Sijia as a “Key High-tech Enterprise of the 2012 National Torch Program.”

“In recent years, we have taken an active part in the formulation of national and international industry standards through participating in various conferences and activities.

“By mastering core technologies, we have also undertaken achievements in transformational projects under the National Torch Program,” Mr. Lin said.

He said this has all helped Sijia achieve the prestigious “Torch Rating.”

“This is another big step towards further entering the high-end market for new materials and clean energy. It also boosts momentum for Sijia Group’s further development,” Mr. Lin added.

Emphasizing the sustainable development of new materials and new energy, Sijia introduced high-precision automatic coating production lines from Italy for the new Shanghai project with the support of the PRC government, with investment in the project exceeding 100 million yuan.

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A new project has been put into operation in the manufacturing center of Fuzhou Sijia Industrial Park.  Photo: Company

The production line boasts the world’s leading technology and will begin operation after a complete process of careful adjustment and rigorous inspection by Sijia as well as Italian manufacturers, enabling the Group to become a domestic manufacturer with state-of-the-art equipment producing reinforced materials.

R&D Strengths

Sijia Group’s R&D technologies and high-precision automatic equipment enable it to produce reinforced materials that outperform peers nationwide.

It is expected that annual production capacity could reach 11 million meters after the automatic coating production line is fully put into operation.

Owing to the professional trust it has earned, Sijia has secured orders from long-term customers, and the company is confident the new production line can be conducive to Group revenue.

Meanwhile, a new project was put into operation in the manufacturing center of Fuzhou Sijia Industrial Park on November 11.

Equipment for the new project was introduced from advanced mechanical equipment manufacturers overseas.

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Sijia recently 1.38 hkd

The environmentally friendly soft reinforced materials are new materials and new energy projects as defined by the “National Torch Program” and Twelfth Five-Year Plan.

Compared with previous equipment, the new equipment contributes to diversifying product offerings with higher automation and precision levels.

Smaller numbers of operation staff also help to lower labor costs and provide necessary development space for expanding capacity and improving efficiency.

Sijia Group Company Ltd is a recognized industry leader in the PRC in reinforced new materials for a wide spectrum of industries including modern transportation, construction, renewable energy, agriculture, healthcare, sports, outdoor leisure and countless others. Group management has substantial experience in proprietary technology, product innovation and marketing and insists on market-focused strategy and joint development, manufacturing, sales of novel products with research and development team and academic institutions.

Various novel products and production techniques of Sijia possess independent IPR and national patents on technology. Reinforced materials production plants, located in Fuzhou and Shanghai, utilize self-developed facilities and techniques, which have acquired national patents on innovation, to produce new materials, including architectural membranes, waterproofing membranes, TPU, air tightness, inflatable, biogas tank and tarpaulin materials as well as waders and protective garments. Meanwhile, the Group has also expanded into downstream end products with factories located in Xiamen, Wuhan and Chengdu, which develop and manufacture clean energy products such as biogas tanks; and outdoor leisure sports consumer products.

See also:

SIJIA: New Energy Powering Sales

SIJIA: Production Hike Pays Off, Profit Surges 51%


Comments  

0 #2 TS 2013-10-06 21:49
Trading has been suspended since Feb 2013, and auditors are still to be appointed.
You may wish to note as stated in the Sijia's announcementshttp://www.sijia.hk/html/ir_announcements.php:
8 Feb 2013: The Board announces that EY ((i.e. Ernst & Young)) shall, subject to the approval of the Shareholders at the EGM, be removed as the auditors of the Group. The Board further announces that it had approached SHINEWING who is considering the acceptance of appointment as auditors of the Group for the year ended 31 December 2012.
15 March 2013: At the EGM held on 15 March 2013, … resolutions passed: removal of EY, and SHINEWING be and is hereby appointed as the auditors of the company.
25 April 2013: The Board announces that the Company will not appoint SHINEWING as the auditors of the Group because SHINEWING is still going through its client acceptance procedures and cannot reach an agreed timetable with the Company for the annual audit at this moment and that its proposed audit fee is not acceptable to the Company. ….the Board announces that it proposes to appoint ZHONGLEI (HK) CPA Company Limited as the auditors of the Group for the year ended 31 December 2012. ZHONGLEI had informed the Board that before the completion of ZHONGLEI’s client acceptance procedures, including but not limited to the obtaining of satisfactory result of any pre-acceptance procedures which ZHONGLEI of the Group’s consolidated financial statements for the year ended 31 December 2012. ZHONGLEI estimated that the pre-acceptance procedures would be completed in 21 days. … The Company shall, subject to the approval of the Shareholders at the EGM, appoint ZHONGLEI as the auditors of the Group, which shall hold office until the conclusion of the forthcoming annual general meeting of the Company.
16 May 2013: At the EGM held on 16 May 2013, … resolution passed “ZHONGLEI (HK) CPA Company Limited be and is hereby appointed as the auditors of the Company and its subsidiaries with immediate effect and to hold office until the conclusion of the forthcoming annual general meeting of the Company, and the board of directors of the Company be and is hereby authorised to fix their remuneration.”
4 Sept 2013: Due to the uncertainty in the schedule of ZHONGLEI to complete its client acceptance procedures and in order to avoid further delay in the preparation of the Annual Results Announcement and the Annual Report, the Board announces that the Company will not pursue the appointment of ZHONGLEI as auditors of the Group and further proposes that, subject to the approval of the Shareholders at the EGM, ANDA is to be appointed as auditors of the Group for the year ended 31 December 2012 and to hold office until the conclusion of the forthcoming annual general meeting of the Company. ANDA currently estimates that, subject to the approval of the Shareholders regarding its appointment as auditors of the Group, it will be able to complete the audit of the 2012 Annual Results in or around late November 2013.
9 Sept 2013: The Board was informed by ANDA that it has merged with Zhonghui Certified Public Accountants Co., Ltd. (“Zhonghui”) and been renamed as Zhonghui ANDA CPA Limited. Based on the background information of Zhonghui that were made available, the Board is of the view that, subject to the Shareholders’ approval regarding the Appointment at the EGM, such merger will not affect its intention to appoint ANDA as the Group’s auditors for the year ended 31 December 2012 and to hold office until the conclusion of the forthcoming annual general meeting of the Company. All the references to ANDA contained in the Circular and the Notice are updated and be replaced by Zhonghui ANDA CPA Limited pursuant to this announcement.
((However, according to Zhonghui’s web site, the merger with ANDZ agreement was signed on 29 Aug 2013, before the announcement of 4 Sept. http://www.zhcpa.cn/web/article.aspx?id=521&pc=01&pid=9&re=true))
25 Sept 2013: The Board is pleased to announce that at the EGM held on 25 September 2013,… resolution passed “Zhonghui ANDA CPA Limited be and is hereby appointed as the auditors of the Company and its subsidiaries for the year ended 31 December 2012 with immediate effect and…
((According to Sijia’s web site as at 6 Oct 2013, the auditors is still Ernst & Young. http://www.sijia.hk/html/ir_information.php))
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0 #1 W. Chan 2012-12-31 18:14
Sijia is one company that looks to me like it has great prospects. I have seen a few other people talk about it recently so I think interest in it will pick up next year.
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