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On July 28, Yanggu Huatai announced that the company has signed an investment agreement with the People's Government of Guyun Town and the Service Center of Xinxian Chemical Industrial Park, and plans to invest in the construction of new high-performance materials with an annual output of 110,000 tons in the Xinxian Chemical Industrial Park.
The project, the total planned investment of the project is 1 billion yuan, and the required funds are raised by the company itself
.
As of the end of the first quarter, the balance of Yanggu Huatai's monetary funds was 143 million yuan
.
.
The project is located in the original Panzhuang area of Xinxian Chemical Industry Park, with a planned area of about 160 mu.
The project will be constructed in two phases
.
The first phase is planned to cover an area of about 120 mu, with an investment of 700 million yuan, to build a project with an annual output of 40,000 tons of trichlorosilane, an annual output of 30,000 tons of chloropropyl triethoxysilane and public works
.
It is planned to start construction in January 2023, with a construction period of 12 months; the second phase is planned to invest 300 million yuan, covering an area of 40 acres, and will build a 40,000-ton annual trichlorosilane project
.
, and coordinate the resolution of the project.
Difficulties and problems encountered in construction
.
The park has relatively complete raw materials for the company's proposed projects.
The signing of this investment agreement is in line with the company's development strategy.
and overall interests, which is conducive to enhancing the company's comprehensive strength, enhancing the company's market competitiveness and anti-risk capabilities
.
, Ltd.
is a professional manufacturer of rubber additives.
Founded in 1994, it is a backbone enterprise in China's rubber additives industry.
It is mainly engaged in the production, research and development and sales of rubber additives.
, insoluble sulfur, etc.
, mainly used in the field of tires and rubber products, currently has two factories in Dongying and Yanggu, and has overseas sales subsidiaries in Europe and the United States
.
In recent years, the market scale of China's rubber additives industry has continued to grow, and the market concentration has continued to increase
.
Yanggu Huatai has cooperated with the top ten companies in the world.
In 2020, the company's anti-scorch agent will account for more than 60% of the total domestic output, and will continue to be the first in the world
.
.
At present, the company is planning non-public issuance, and plans to invest no more than 285 million yuan in the 10,000-ton/year rubber anti-scorch agent CTP production project, smart factory construction, renovation and supplementary working capital projects
.
According to the plan, Yanggu Huatai will also promote the production of 40,000 tons of continuous insoluble sulfur project this year.
At the same time, it will start construction of 35,000 tons of phenolic resin, 10,000 tons of HMMM project and 65,000 tons of silane coupling agent per year
.
Special Silicon New Materials Co.
,
Ltd.
The business scope includes: chemical product sales (excluding licensed chemical products), chemical product production (excluding licensed chemical products), import and export of goods,
etc.
22% to 65.
8%; and a non-net profit of 267 million to 297 million yuan, a year-on-year increase of 58.
48% to 76.
27%
.
Regarding the reasons for the increase in performance, the company said that it was mainly to increase its efforts in international market development, overseas sales continued to grow, and the volume and price of main products rose
.
.
In the field of rubber auxiliaries, continue to improve and enrich the company's product structure, and do a good job in the layout of new antioxidants, silane coupling agents, organic peroxides, and amino resins according to market demand
.
In 2021, the company established a wholly-owned subsidiary, Yanggu Huatai Health Technology Co.
, Ltd.
, for the layout of the big health field.
At present, the laboratory research on lipoic acid has been completed, and the construction of the pilot production line is underway
.
In addition, the company is currently carrying out research work on lithium battery additives, mainly fluoroethylene carbonate (FEC) and vinylene carbonate (VC)
.
.
The project is located in the original Panzhuang area of Xinxian Chemical Industry Park, with a planned area of about 160 mu.
The project will be constructed in two phases
.
The first phase is planned to cover an area of about 120 mu, with an investment of 700 million yuan, to build a project with an annual output of 40,000 tons of trichlorosilane, an annual output of 30,000 tons of chloropropyl triethoxysilane and public works
.
It is planned to start construction in January 2023, with a construction period of 12 months; the second phase is planned to invest 300 million yuan, covering an area of 40 acres, and will build a 40,000-ton annual trichlorosilane project
.
, and coordinate the resolution of the project.
Difficulties and problems encountered in construction
.
The park has relatively complete raw materials for the company's proposed projects.
The signing of this investment agreement is in line with the company's development strategy.
and overall interests, which is conducive to enhancing the company's comprehensive strength, enhancing the company's market competitiveness and anti-risk capabilities
.
, Ltd.
is a professional manufacturer of rubber additives.
Founded in 1994, it is a backbone enterprise in China's rubber additives industry.
It is mainly engaged in the production, research and development and sales of rubber additives.
, insoluble sulfur, etc.
, mainly used in the field of tires and rubber products, currently has two factories in Dongying and Yanggu, and has overseas sales subsidiaries in Europe and the United States
.
In recent years, the market scale of China's rubber additives industry has continued to grow, and the market concentration has continued to increase
.
Yanggu Huatai has cooperated with the top ten companies in the world.
In 2020, the company's anti-scorch agent will account for more than 60% of the total domestic output, and will continue to be the first in the world
.
.
At present, the company is planning non-public issuance, and plans to invest no more than 285 million yuan in the 10,000-ton/year rubber anti-scorch agent CTP production project, smart factory construction, renovation and supplementary working capital projects
.
According to the plan, Yanggu Huatai will also promote the production of 40,000 tons of continuous insoluble sulfur project this year.
At the same time, it will start construction of 35,000 tons of phenolic resin, 10,000 tons of HMMM project and 65,000 tons of silane coupling agent per year
.
Special Silicon New Materials Co.
,
Ltd.
The business scope includes: chemical product sales (excluding licensed chemical products), chemical product production (excluding licensed chemical products), import and export of goods,
etc.
22% to 65.
8%; and a non-net profit of 267 million to 297 million yuan, a year-on-year increase of 58.
48% to 76.
27%
.
Regarding the reasons for the increase in performance, the company said that it was mainly to increase its efforts in international market development, overseas sales continued to grow, and the volume and price of main products rose
.
.
In the field of rubber auxiliaries, continue to improve and enrich the company's product structure, and do a good job in the layout of new antioxidants, silane coupling agents, organic peroxides, and amino resins according to market demand
.
In 2021, the company established a wholly-owned subsidiary, Yanggu Huatai Health Technology Co.
, Ltd.
, for the layout of the big health field.
At present, the laboratory research on lipoic acid has been completed, and the construction of the pilot production line is underway
.
In addition, the company is currently carrying out research work on lithium battery additives, mainly fluoroethylene carbonate (FEC) and vinylene carbonate (VC)
.
