Puyang Huicheng: Raised 700 million yuan to build 50,000 tons of shun-anhydride project

On January 11th, Puyang Huicheng issued a "Statement on the Issue of Stock Offerings to Specific Objects". The total amount of funds raised from the issuance of shares to specific objects shall not exceed 80,000.00 million yuan (including this amount), and the net amount of funds raised after deducting the issuance expenses shall be invested in the following projects:
Sein-acid derivatives, functional material intermediates and research and development center projects
Upon completion of the project, the company will add an annual production capacity of 50,000 tons of anhydride derivatives and an annual output of 3,200 tons of functional material intermediates, as well as the production capacity of the research and development center

.
, the production capacity of 50,000 tons of anhydride derivatives per year includes 10,000 tons/year of tethydrobenzene and 10,000 tons/year of hetehydrobenzene 21,000 tons/year of methyl tethydrobenzene, 5,000 tons/year of methyl-hexahydrobenzene, 2,000 tons/year of nadicic acid, and 2, The annual production capacity of 3,200 tons of functional material intermediates includes 3,000 tons/year of hydrogenated bisphenol A, 55 tons/year Class, 40 ton/year acrylic, 30 ton/year hybrid, 30 ton/year ice sheet ole, 25 ton/year thick ring, and 20 ton/year organic zirconium.
the construction cycle of this fund-raising project is 2 years, construction has not yet started, and the hydrogenated BPA-related production line associated with this fund-raising project is expected to be completed in 2023.
Puyang Huicheng is mainly engaged in the research and development, production and sale of electronic chemicals such as shun anhydride derivatives and functional material intermediates, the main products include tetrahydrobenzene, hexahydrobenzene, methyl tetrahydrobenzene, methyl hexahydrobenzene, nadikate, methyl nadikate andchemicals. Shunyu acid derivatives are mainly used in epoxy resin curing, synthetic polyester resin and alicic acid resin, downstream products are widely used in complex devices from basic electronic components, semiconductor devices to integrated circuits, electrical equipment insulation materials, coatings, composites and other fields;
company is one of the largest and most complete production enterprises in the domestic shun anhydride derivatives industry, and at the same time, it is also one of the few enterprises in China that can develop and produce electronic chemicals such as OLED intermediates on a large scale. The main product technical indicators to reach the advanced level of the industry, products are sold to the European Union, the United States, Japan and more than a dozen countries and regions, with Huntsman, BASF (BASF) and other world-renowned customers.