Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News This old printing and dyeing company in Shanghai was born in the 1940s and is now listed for transfer for RMB 507 million!

This old printing and dyeing company in Shanghai was born in the 1940s and is now listed for transfer for RMB 507 million!



According to reports, the largest number in Chinese history has just been transferred for 340 million. Shanghai Shenda Co., Ltd. (hereinafter referred to as “Shenda Co., Ltd.”), a long-standing subs…

According to reports, the largest number in Chinese history has just been transferred for 340 million. Shanghai Shenda Co., Ltd. (hereinafter referred to as “Shenda Co., Ltd.”), a long-standing subsidiary of Shanghai Seventh Cotton Mill Co., Ltd., has launched another time-honored brand!

On the evening of April 17, Shanghai Shenda Co., Ltd. (hereinafter referred to as “Shenda Co., Ltd.”) issued an announcement stating that the company planned to pass the Shanghai United Assets and Equity Exchange to obtain an evaluation that is no less than the state-owned assets filing rate. Value, 100% of the equity held by Shanghai Second Printing and Dyeing Factory Co., Ltd. was publicly listed for transfer. As of the base date of December 31, 2019, the assessed value of the above equity was 507 million yuan.

Shenda Co., Ltd. stated that the transfer of the subject equity is needed for the company’s industrial structure adjustment, which will be conducive to withdrawing funds and enhancing the development of the company’s main business areas. After preliminary calculations, the income from this equity transfer is expected to be approximately 404 million yuan (unaudited).

The announcement shows that Shanghai Second Printing and Dyeing Factory Co., Ltd. is located at No. 100 Jungong Road, Yangpu District, Shanghai, and was established in 1981 On June 30, the registered capital was 55.461 million yuan. The registered location is located at No. 100, Jungong Road, Yangpu District, Shanghai. Its main business involves printing and dyeing fabrics, clothing, bedding, local freight, property management, etc.

The land of Eryin Factory Co., Ltd. is industrial land. The certificate states that the land area is 59,391.00 square meters and the building construction area is 56,179.00 square meters. After the first relocation, the remaining land area is 45,353.07 square meters and the building construction area is 43,737.70 square meters. In addition, because there are sheds and other attachments in the corridors of the original factory area, they are all calculated into the building area of ​​the house on the production certificate. However, since these sheds and attachments are old and damaged, posing safety risks, they have all been demolished and have been removed. The area of ​​the lost house was 7,714 square meters. In addition, an unlicensed office building of 4,800 square meters was built in October 2008 (part of which was expanded by the lessee). The existing house area is 38,600 square meters. Therefore, the area of ​​the houses included in the assessment this time is 38,600 square meters.

It is reported that Eryin Factory Co., Ltd. has stopped production since October 2004, and this transaction does not involve personnel placement issues. As of now, the second printing factory has a leasing area of ​​38,600 square meters, the lease expiration date is December 31, 2024, and the average annual income is approximately 10.2 million yuan.

Shenda Co., Ltd. said that the company’s current main business is industrial textiles business, mainly automotive interior decoration and new textile materials business, as well as foreign trade import and export and domestic trade business mainly based on textiles. The transfer of the subject equity is necessary for the company’s industrial structure adjustment. Second Printing Factory Co., Ltd., a subsidiary of the company, has been discontinued for many years, and its rental-to-sale ratio and capital utilization rate are relatively low. Based on the company’s strategic development needs, the sale of 100% of the equity of Second Printing Factory Co., Ltd. is conducive to withdrawing funds and enhancing the development of the company’s main business areas.

After preliminary calculations, if the transaction price of the equity transfer of Eryin Factory Co., Ltd. is 507 million yuan, the income from this equity transfer is expected to be approximately 404 million yuan.

After consulting the information, we learned that the predecessor of the Shanghai Second Printing and Dyeing Factory was the Shanghai Public University No. 1 Factory of Japanese Jongyuan Industrial Co., Ltd. The quilt processing factory attached to (Shangmian No. 19 Factory) was founded in 1943. By the end of 1992, it had 2,117 employees; it covers an area of ​​59,391 square meters and a building area of ​​44,864 square meters; the original value of fixed assets is 75.54 million yuan, and the net value 42.8379 million yuan; the total output is 61.45 million meters, the total output value is 264 million yuan, profits and taxes are 3.07 million yuan, 47.95 million meters are allocated for export, and the export earnings are 39.57 million US dollars.

Historical evolution: 1943, OUHK No. 1 Quilt Processing Factory (Japanese-owned) → March 1945, OUHK No. 1 Printing and Dyeing Department (Japanese-owned) → 1946, China Textile Construction Company No. 6 Printing and Dyeing Factory Hudong Factory → The Seventh Printing and Dyeing Factory of China Textile Construction Company in August 1948 → The Second State-owned Shanghai Printing and Dyeing Factory in July 1950

Main products: pure cotton, polyester cotton, linen, blended fabrics, etc. , colored, floral thin fabrics, extra wide bleached fabrics and liquid ammonia finished fabrics, etc.

Development Record

In the 30th year of the Republic of China: After the outbreak of the Pacific War, Japanese businessmen took advantage of military control and forcibly occupied large tracts of open land north of Pingliang Road and east of Junggong Road , successively established the military pharmaceutical chemical department, the food processing department, the clothing processing plant and other attached processing plants of the first factory of the public university.

In the 32nd year of the Republic of China: the clothing processing plant was built, covering an area of ​​101.63 acres, processing military uniform raw materials and military blankets.

In April 1932 of the Republic of China: Japanese director of the No. 1 Factory of the Public University, Haruha Hayashijiro, colluded with the military to seize the bleaching, dyeing and other machinery of the two major British companies, Jardine Matheson and Lunchang.It was transported to the quilt processing factory and some equipment was shipped from Japan in an attempt to expand the production scale.

March 34 of the Republic of China: Due to changes in the war situation, only two factories for bleaching and dyeing were built, and 1 copper plate singeing machine, 2 horizontal cloth cooking pots, 1 washing machine, and 1 single Simple equipment such as batter horizontal drying cylinders were ordered to start construction in a hurry, employing about 50 workers, and the name was changed to the Printing and Dyeing Department of the OUHK No. 1 Factory.

August 1934: After the victory of the Anti-Japanese War, the No. 1 Factory of the Public University and its affiliated factories were taken over by the Ministry of Economic Affairs of the National Government.

January 1935: The property rights of the University were taken over by China Textile Construction Company. In the autumn of the same year, the Printing and Dyeing Department was handed over to the Sixth Printing and Dyeing Factory for concurrent management, and the Hudong Factory of the Sixth Printing and Dyeing Factory of China Textile Construction Corporation was officially listed, and it was no longer affiliated with the yarn factory.

January 1937: Officially started production of bleaching cloth and straw yellow cloth. In August of the same year, the Hudong Factory decoupled from the Sixth Printing and Dyeing Factory, changed its name to the Seventh Printing and Dyeing Factory of Shanghai China Textile Construction Company, and implemented independent operations. However, due to lack of raw materials and chaotic management, production came to a standstill in early 1949.

May 1949: Shanghai was liberated. The Municipal Military Control Commission sent personnel to take over the operation, and production began to resume. By the end of December, the annual output had reached 11.17 million meters.

July 1950: Named the state-owned Shanghai Second Printing and Dyeing Factory. The total number of people in the factory is 324, and its products include more than 10 kinds of bleached, colored and floral fabrics. The total annual output has reached 18.42 million meters. In 1953, a planning and management responsibility system was established to solve technical problems such as bleaching and dyeing in terms of quality.

In 1955, a process technology and specialty product archives storage system was established. In 1958, the company successfully trial-produced the country’s first anti-shrinking machine and perfume fabric. In the printing and dyeing industry, it was the first to explore a new sodium chlorite bleaching process. The Second Printing Factory was rated as one of the eight red flags on the industrial front in Shanghai.

File picture: In June 1956, Japanese war criminals visited the state-owned Shanghai Second Printing and Dyeing Factory. The new patterns designed by Guo Huilan, the assistant technician of the factory, attracted The gaze of Japanese war criminals.

In the early 1970s, the plant used waste heat from Yangshupu Power Plant to become a unit of the eastern line heating network, ending the history of burning boilers.

In 1972, the small power generation project was completed with a generator capacity of 1,500 kilowatts, which not only solved the power shortage of the factory, but also provided power resources to the society.

In 1975, facilities such as aeration tanks and underground sewage conditioning tanks were built, and the first phase of the sewage treatment project was basically completed. The three wastes treatment took a leading position in the industry.

In October 1977, the first polyester-cotton dyeing line was put into production. In September 1979, the entire factory formed a layout of five major production workshops for scouring, dyeing, printing, finishing, and finished products, and two auxiliary workshops for motorization and engraving.

In the 1980s, the factory invested a lot of money in technological transformation and equipment introduction. In 1980, the only American liquid ammonia finishing equipment in China was introduced. In 1983, the “narrow to wide” project of bleaching, coloring and flowering was started, which included the introduction of Federal German electro-optical machines, Japanese photographic engraving and other equipment, the transformation of 42 main machines, the reconstruction and expansion of the factory building to 1928 square meters and the supporting sewage treatment project. In 1984, the No. 2 polyester-cotton pre-processing line was renovated in sections, and the product width was expanded from 36 inches to 45 inches, becoming an all-round printing and dyeing enterprise capable of bleaching, coloring and flowering pure cotton, polyester and cotton. In 1987, in order to add a 1800 mm wide-width dyeing production line and expand liquid ammonia products, it invested 13.9 million yuan, introduced production equipment from the United States, the Federal Republic of Germany, Switzerland and other countries, and renovated a 4495 square meter rotary screen and mercerizing machine factory.

File picture: Fully automatic engraving and drying machine of Shanghai No. 2 Printing and Dyeing Factory

By the beginning of 1990, the Second Printing Factory had 5 pre-processing lines, 3 dyeing lines, 5 printing machines and various finishing equipment; 108 sets (sets) of main machinery; 795 sets (sets) of auxiliary equipment . It produces more than 150 varieties in 38 categories including bleached, colored, flowered, special wide and military specialties. 80% of the products are exported to more than 100 countries and regions. Among them, 321 grass green vinylon waterproof cloth won the National Silver Award, 22 varieties including Galaxy Brand 45×45 count bleached polyester-cotton poplin won the Quality Product Award of the Ministry of Textile Industry, and 114 mercerized fine plain cloth 27 other varieties won the Shanghai Quality Product Award.

The output value rate of high-quality products is 56%. From 1980 to 1982, profits and taxes ranked first in the national printing and dyeing industry for three years. In 1988, it was rated as a national second-level enterprise. By 1990, it had been listed as one of the 10 enterprises with the largest export output value by Shanghai for three consecutive years. In October 1991, Conch brand printed pure cotton high count poplin won the National Gold Medal.

At the end of 1992, there were 2,117 employees; the area was 59,391 square meters, and the construction area was 44,864 square meters; the original value of fixed assets was 75.54 million yuan, and the net value was 42.8379 million yuan; the total output was 61.45 million meters, and the total output value was 2.64 100 million yuan, profits and taxes of 3.07 million yuan, 47.95 million meters allocated for export, and US$39.57 million in foreign exchange earned from exports.

In 2013, Shenda The Joint-stock Enterprise Asset Management Center invested more than 7 million yuan to restore the power system in the vacant and abandoned Eryin Factory. In September of the same year, it leased the entire factory area to Yunhe Bay Enterprise Management Co., Ltd. and built it into a well-proportioned, Canal Bay is a colorful and modern service industry park.

In 2016, the Jungong Road area including the Shanghai Second Printing and Dyeing Factory Park was rated as a national mass entrepreneurship and innovation technology industry demonstration base. It is currently the only and leading industrial belt in Shanghai.

� square meters; the original value of fixed assets is 75.54 million yuan, and the net value is 42.8379 million yuan; the total output is 61.45 million meters, the total output value is 264 million yuan, profits and taxes are 3.07 million yuan, 47.95 million meters are allocated for export, and foreign exchange earnings from exports are 39.57 million US dollars.

In 2013, Shenda The Joint-stock Enterprise Asset Management Center invested more than 7 million yuan to restore the power system in the vacant and abandoned Eryin Factory. In September of the same year, it leased the entire factory area to Yunhe Bay Enterprise Management Co., Ltd. and built it into a well-proportioned, Canal Bay is a colorful and modern service industry park.

In 2016, the Jungong Road area including the Shanghai Second Printing and Dyeing Factory Park was rated as a national mass entrepreneurship and innovation technology industry demonstration base. It is currently the only and leading industrial belt in Shanghai. </p

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.tradetextile.com/archives/36687

Author: clsrich

 
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