Marketing strategies of modern enterprises should be based on timely and comprehensive information. In 2002, as a strategic step CNCFC acquired China Chemical Fiber Economic Information Network (CCFEI), which was established by the Information Center of China Chemical Fiber Association in 1998. Relying on profound industrial network, extensive information sources and dedicated staff, CNCFC has elevated the CCFEI network as one of the most influential professional website in China chemical fiber industry today.
With a solid foundation in the provision of IT services, CCFEI has expanded into the exhibition business. Many international forums of chemical fiber have been successfully organized every year, such as ¡°Polyester Feedstock Forum¡±, ¡°Caprolactam and Nylon Forum¡±, ¡°Acrylonitrile and Acrylic Fiber Forum¡±, ¡°Recycled Polyester Fiber Market and Technology Forum¡± and so on. These forums have been grand events in various fields and enjoy high reputation and influence in the world.
According to company¡¯s strategic objective, for the purpose of rational integration and allocation of both economic and social resources, CNCFC¡¯s equity value increased substantially by taking part in the setting -up of such listed companies as Yuefuhua, Tianjin Taida, Hubei Jinhuan etc, as an active step for the company¡¯s long-term development. Meanwhile, CNCFC has improved fund utilization by positively yet prudently conducting short-term investment in line with the cash flow in trading.
