Established in 1981, Wuhuan Spandex Industry Group Co., Ltd is a private-owned stock-holding enterprise with key emphasis from the city government. It boasts an asset investment of over 380 million, a land occupation of 68, 000 square meters and a building area of 52, 000 square meters. The main products of the company: 4, 000 tons of spandex annually, 20, 000 tons of spandex covered yarn annually, 20, 000, 000 meters of textile materials. Its annual export reaches 15 million USD, while its annual sales volume is 680 million RMB. The number of engineer technicians covers 32% of all its employees. What's more, the company has established a complete quality insurance system which has reached the ISO9001: 2000 standard.

Affiliated to the group boasts a production ability of 4, 000 tons of spandex with its first phase of polyurethanes project, which uses the craftwork of "continuous polymerization, high-speed dry spinning" and the production equipments brought from South Korea, Germany, USA, and Japan etc. Having been put into production in 2004, the products of the first phase project is highly qualified with a large number of market demand and great satisfaction from the customers. After the completion of the second phase project, the annual production of spandex may reach 8, 000 ton and that after the third phase project may reach 12, 000 ton.

The developing strategy of the company is "customers come first, advance in China". "Develop together with customers, provide all-round good service" is its managing concept, while "faithful, diligent, united and creative" is its basis. Mr. Han Qiuhua, the president, a pioneering doer, is good at selecting talents and delegating tasks. He pays huge emphasis on the enterprise culture and the fostering of the quality of employees. In 2002 and 2004, he took training courses in Qinghua University with all the top management in order to improve their self-restraint, which set concrete basis for the long-term development of the enterprise.

"Development is of overriding importance. " With enough market analysis, the company will seize the opportunity and try its best to become an internationally modern enterprise of polyurethanes production with an annual sales volume of 1.2 billion and an annual profit and tax of over 0.2 billion.