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Guolian Group increases its investment in KPS

After months of consultation on an equal footing, Wuxi Guolian Development (Group) Co.,Ltd(www.glgc.com.cn ‘Guolian Group’ for short)decided to adopt the way of cash shares to increase its investment in Jiangsu KPS Wool Timbering Science Technology Co., Ltd(www.jskps.com? ‘KPS’ for short).At present, all the cash has been received, The company has completed the industrial and commercial registration alteration after the capital increase.The main reasons Guolian Group increases its investment in KPS are the followings:
 

Firstly, KPS owns the production engineering and invention patent of wool thermal insulation and sound absorption products, its national invention patent No. is ZL02120827.1, and its international patent application No. is PCT/CN02/00441.

Secondly, the standard of thermal insulation and sound absorption products(JC/T 1052-2007),drafted by KPS, has been approved by National Development and Reform Commission of China, released on September 22, 2007, and implemented from April 1, 2008.

Thirdly, after the capital increase, the management team of KPS has rich experience in thermal insulation and sound absorption materials trade, performance testing and assessing of related products, International Trade and standardization, and other fields, so can promote the company’s development in many aspects quickly.

Fourthly, All technical indicators of KPS’s wool thermal insulation and sound absorption products have achieved or better than standard requirements of national relevant regulations’, compared with traditional thermal insulation and sound absorption materials, such as rockwool, glasswool, etc. KPS’s products will not release formaldehyde and other toxic gases, have an excellent environmental protection performance. At the same time, KPS’s products will not cause skin allergies and itching in the construction and application, have

Fairly ,good human comfortableness. Its wool thermal insulation and sound absorption boards have many good performances such as thermal insulation, sound absorption, environmental protection, and decorative, have a good future in the market.

Fifthly, KPS has established its R & D center and production base in Melbourne, Australia.
Finally, promoting the better and faster industrialization of the enterprises in Wuxi who have core intellectual property, promoting the products invented in China go out of our country, and go to the world as soon as possible.


                                          Guolian Group Introduction


Founded on May 8, 1999, Wuxi Guolian Development (Group) Co.,Ltd is a state-owned enterprise group invested by Wuxi Government,registered 8 billion Yuan, awarded the investment subject qualification to state-owned assets. It is 9 years since the establishment of Guolian Group, its comprehensive benefit is promoted very fast, main business lines are expanded effectively, and the competition capability is strengthened continuously, it has formed the key competitiveness capability relying mainly on capital operation ability and the ability of returning on investment. Its business scope has covered many fields, including financial field which relies mainly on the securities industry, trust industry, etc. Green energy field which relies mainly on the production of complete sets of power station equipments, the design of garbage and sludge incineration power plant, the total project construction contract, management, etc. textile field which relies mainly on cotton and wool, and logistics services field which relies mainly on airports, materials, and restaurants.
 

By the end of 2007, the total assets of Guolian Group had already reached 36 billion Yuan, net assets are up to 10 billion Yuan, realizes profits of 3,020 million Yuan in 2007,and has 38 wholly-owned enterprises,45 holding enterprises.


According to the decision and arrangement of Wuxi government, Guolian Group will make finance as its development orientation, restructure and promote the industry. In accordance with this development orientation, Guolian Group will further accelerate its development pace in securities and trust industry in which it has innovative business qualifications, and will take good effort to improve the function of financial platform. In the next three years, Guolian Group will make great efforts to develop into a large-scale local financial investment group which total assets scale of main financial business is up to 200 billion Yuan, with complete categories, perfect function, strong comprehensive strength, outstanding key competitiveness, and have certain influence at home. It will make use of its financial advantage to promote strategic restructuring of the industrial structure, mainly reserve the industries which reach the world first-class and the leading level at home, and try to develop new energy, new materials and other new business areas which according with the national industry's policy guidance, have a bright future, and closely related with common people's life, and try its best to promote the industry.


                                                  KPS Introduction


Founded in 2001, Jiangsu KPS Wool Timbering Science Technology Co., Ltd (‘KPS’ for short) is the only enterprise whose thermal insulation and sound absorption product is made of natural fiber in China at present. KPS wool thermal insulation and sound absorption products have passed many testing by national authorities, including the authorization of construction materials fireproofing environment protection mark, no-flaming test(GB 8624-1997),SBI combustion performance test(EN13501-1:2002),fire test of sheet iron pipe wrapped by wool pad, gas toxicity testing(GA 132-1996),mothproof test(FZ/T 20003-1991),radioactive environment protection test(GB6566-2001),sound absorption coefficient test in reverberation room (GBJ47-83),heat conductive coefficient test(GB/T10295-1988), and car inner decoration Materials test , such as combustibility test, smell(pv3900), pulverization test (PV3015), formaldehyde content test(PV3925),total carbon analysis(PV3341),and so on. Its technical indicators have achieved or better than standard requirements of national relevant regulations’, compared with traditional thermal insulation and sound absorption materials, such as rockwool, glasswool, etc. KPS’s products will not release formaldehyde and other toxic gases, have an excellent environmental protection performance. At the same time, KPS’s products will not cause skin allergies and itching in the construction and application, have fairly good human comfortableness. Its board products have all good performances such as thermal insulation, sound absorption, environmental protection, and decorative.

In the past few years, under the technical support of Civil Engineering department of Zhejiang University, Sichuan Fire Protection Research Institute and Nanjing Fiberglass Research Institute, KPS has overcome a number of technical difficulties through it continuous efforts, and has obtained obvious fruit in product R&D and production. Its thermal insulation and sound absorption engineering materials, tubes and its production methods has obtained the national invention patent, the patent No. is ZL02120827.1,and the international application No. which is PCT/CN02/00441 in January,2005 .

KPS has passed ISO9001:2000 quality system certification, the automation degree of whole production line is very high, and the quality control of products is very strict.

KPS is responsible for drafting the standard of thermal insulation and sound absorption products (JC/T 1052-2007).

KPS has established its production base and R&D center in Melbourne, Australia.

The capital increase from Wuxi Guolian Development (Group) Co.,Ltd to KPS in 2008 is bound to promote KPS better and faster development.

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