With the further enlarging influence to the China’s export business due to the global financial crisis, the exportation for the downstream products of silicone rubber have been deeply affected. Meanwhile the demands of China’s domestic market are also faced with the slump as well. During the first quarter of 2009, the subsidiaries of our Group have witnessed a sales of 6,670 tons silicon rubber, at the decrease rate of 13.1% y.o.y, of which, the sales volumes of gum and compound are 1,416 tons and 4,230 tons, dropping 17.9% and 19.8% from the same period of last year respectively. Benefit from Chinese government expand its investment on infrastructure construction mainly in the field of railway and electric power, the sales of insulating rubber (HVI) has amounted to 929 tons, presenting a 60% increased y.o.y.
April 25th, 2009
