BEIJING, Oct. 24 (Xinhua) -- Zhejiang Kanglongda Special Protection Technology Co., Ltd. (603665. SH) is mulling establishment of a subsidiary in Vietnam to construct safety protection new material and safety protection product production base (phase I), Shanghai Securities News reported on Tuesday.
Total investment for the project is estimated at some 1.15 billion yuan, according to the announcement.
Located at an industrial park in northeast of Vietnam, the project expects an internal rate of return (IRR, after tax) of 16.2 percent and profit margin of 26.98 percent. Payback period (after tax) is estimated at 8.08 years.
The project is expected to achieve production capacity of 5 million dozens of functional labor protection gloves, high-strength high-modulus polyethylene fiber of 800 tonnes, and 5 million boxes of disposable gloves annually. (Edited By Jiang Feifan, Niu Huizhe)
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