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Huayang New Materials announced on the evening of September 27 that the total amount of funds raised by the company's proposed non-public offering of shares will not exceed 550 million yuan.
After deducting the issuance costs, it will be used for the 60,000-ton/year PBAT project of new materials and the 20,000-ton/year biological Degradable modified materials and plastic products projects, 20,000 tons/year full series of biodegradable new material projects
.
Huayang New Materials has three main businesses, namely precious metal recycling and processing, electricity distribution and sales management, and trade business
.
In the first half of this year, Huayang New Materials has acquired 100% equity of Shanxi Huayang Biodegradable New Materials Co.
, Ltd.
to lay out the biodegradable new material industry and expand the strategic space for transformation and development
.
It is understood that after the completion of this fundraising project of Huayang New Materials, the company will have the ability to produce PBAT to downstream modified blown film masterbatch, sheet and plastic products
.
It is worth mentioning that after the smooth operation of this project, Huayang New Materials plans to further expand its investment in the PBAT field in the future, and plans to expand the total production capacity to 300,000 tons/year in stages, and at the same time build the upstream raw material BDO and downstream of the industrial chain.
Production capacity of plastic products
.
The latest announcement of Huayang New Materials shows that at present, Huayang New Materials has basically completed the disposal of assets such as synthetic ammonia and chlor-alkali.
The company's precious metal recycling and processing business performance has stabilized, and the existing business can continue to provide the company with stable cash flow in the future
.
After the completion of this fundraising project, Huayang New Materials has added PBAT biodegradable plastics related industry chain business in line with the national industrial policy on the basis of the existing precious metal recycling and processing business.
take a crucial step
.
It is reported that, as the trustee of Huayang New Materials, Huayang Group has always supported the business development of Huayang New Materials
.
Huayang New Materials said that through the implementation of this fundraising project, the company will add a new biodegradable material business.
On the basis of the existing precious metal recycling and processing business, it will take another solid step in the field of new materials.
Material positioning is becoming clearer
.
After this issuance and the implementation of the raised funds investment project, the company will establish a market-leading position in the field of biodegradable new materials in Shanxi Province, further enrich and expand the company's industrial structure, enhance the company's core competitiveness and operational risk resistance, capital strength and profitability will also be improved
.
