As a results of implement the series economy-stimulating policies worldwide, in particular in mainland China, our group’s sales of silicone rubber for the second quarter of 2009 have presented a growth of 2.3% compared with the same quarter of last year, being the first quarterly increase since the third quarter of 2008. The total sales volume of this quarter is 8,482 tons, of which the gum and HVI rubber are 2,350 and 1,050 tons respectively, showing the jump of 23.2% and 33.8% from a year early. Because of the high-temperature weather from later of the second quarter, the work schedule of outdoor electric power projects had been slowed down. Therefore, the increasing range of HVI rubber is lower than that of the first quarter. During this quarter, the sales volume of silicone compound is 5,081 tons, decreased by 10.3% compared with the second quarter of 2008.
During the first half year of 2009, group’s total sales of silicone rubbers are 15,145 tons, a year-on-year decrease of 5.1%. With the expectation of recovery of China economy, as well as the growing demand of world market, we have enough confidence to achieve an increasing sale for the following quarter of this year.
We are full of optimism for future of silicon industry and keeping on investment for the extension of capacity. With the annual output of 30,000 tons of gum lines in Calt Industry Park to be completed by the end of this year, the production capacity of all our product lines will be risen by a big margin..
July 15th, 2009
