Lianchuang Co., Ltd.: Terminate the 45,000-ton/year polyether polyol and 20,000-ton/year cyclopentane-type combined polyether integration project

On June 27, Lianchuang Co.
, Ltd.
(SZ300343) announced that the company planned to expand the 45,000-ton/year polyether polyol and 20,000-ton/year cyclopentane-type combined polyether integration project
.
Since the announcement of the investment project, the company has actively organized personnel to implement the feasibility study report, environmental impact assessment, and safety assessment premise work
.
At present, the demand growth of the downstream industry of polyether polyol products is sluggish, the industry competition is becoming increasingly fierce, the production capacity is overcapacity, and the gross profit rate of the product is less than 5%, resulting in a long return on investment of the project
.

After comprehensive consideration, combined with product strategy and existing business operations, the company has prudently decided to terminate the construction of this investment project, and plans to rebuild and upgrade the production end of basic polyether polyols with large profit margins and strong market demand as raw materials.
Amino polyether
.