Shandong kunda biotechnology company is a subsidiary of Hongda Group.To extend the industry chain and expand at a low cost to make a bigger, stronger enterprise, the Group cooperates with Nanjing RED SUN Group and found a new Kunda Bio Industry Park for ethylamine and pyridine projects.

The total investment is CNY$800,000,000 yuan for the projects. And the Park covers an area of over 500 mu. The project is divided into two stages. In stage one, CNY 300,000,000 yuan has been invested for monoethylamine, diethylamine triethylamine and some support construction projects. The stage one project was completed in December, 2009. And the integrated annual capacity of ethylamine is 60,000 tons, taking lead in Asia, and brings in a new revenue of CNY 600,000,000 yuan. For the stage two projects, CNY$500,000,000 yuan is going to be funded. The main programs for this stage are paper making, comprehensive utilization of waste heat, powder generation with methane and manufacture of pyridine. The projects has finished in 2010. After they are put into production, the revenue increases by CNY$800,000,000 yuan.