Hangzhou Yongchang Nylon Co., Ltd. is a Sino-foreign joint venture located in the state-level Xiaoshan Economic and Technological Development Zone. It was incorporated on December 17, 2003 with a registered capital of 8 million US dollars. The company's existing total assets of 700 million yuan, 200 million yuan in fixed assets, the plant covers an area of more than 100 acres, construction area of 80,000 square meters. The company has the most advanced chemical fiber production equipment, modern factory buildings, office buildings and dormitories in the world. It is equipped with central air-conditioning, and introduces the German Barmag complete spinning production line and the Italian RPR texturing machine. The company is also equipped with first-class laboratories and laboratories, with an annual output of 36,000 tons of high-quality nylon yarn.