300 million yuan to set up a subsidiary!

On the evening of November 13 , Shenma issued an announcement: the company intends to establish a wholly-owned subsidiary Henan Shenma Xianglong Chemical Co.

On the evening of November 13 , Shenma issued an announcement: the company intends to establish a wholly-owned subsidiary Henan Shenma Xianglong Chemical Co.

The annual output of 50,000 tons of adiponitrile project was constructed by the company's wholly-owned company-Henan Shenma Xianglong Chemical Co.

This project adopts the direct hydrocyanation of butadiene to synthesize adiponitrile technology.

The product adiponitrile of this project is the key raw material of the company's leading product nylon 66 industrial yarn, cord fabric, and chips, and it needs to be imported for a long time.
The construction of this project is in line with the company's leading industry, which can reduce the degree of dependence on imported products and replace some imports.
It is of great significance for the company to build a complete nylon 66 industrial chain and further consolidate the company's dominant position in the nylon industry.
This investment is invested with the company's own funds, which is of positive significance to the company's financial status, operating results and future development in the long run.