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Yueyang Xingchang plans to invest 1.2 billion to build a project with an annual output of 300,000 tons of special polypropylene and 150,000 tons of modified special materials

 Last Update: 2022-08-28
 Source: Internet
 Author: User

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On July 29, Yueyang Xingchang Petrochemical Co.
, Ltd.
announced that it plans to sign the "Yueyang Xingchang Polyolefin New Material Project Investment Agreement" with the Huizhou Huan Daya Bay New Area Management Committee and the Huidong County People's Government in the near future.
The total investment is 1.
2 billion yuan, and the project construction period is 18 months.
The main construction content is 300,000 tons/year of special polypropylene and 150,000 tons/year of modified special materials production equipment and supporting facilities.
The sales revenue including tax is about 1.
8 billion yuan, and the tax is about 80 million yuan

The signing of the "Yueyang Xingchang Polyolefin New Material Project Investment Agreement" has important strategic significance for the future development of Yueyang Xingchang, which is in line with the relevant national industrial policies and the company's strategic development layout, and is the need for the company's industrial transformation, upgrading and development.
Relying on the core technology of the company's new polyolefin materials, and making full use of the abundant raw material resources, market resources and human resources in coastal areas, the company builds the company's new material industry platform and realizes the company's leap-forward development

In order to ensure the smooth implementation of the Huizhou new material project, Yueyang Xingchang also issued an announcement on the establishment of a subsidiary company, and planned to invest 65 million yuan in cash to cooperate with its holding subsidiaries, Hunan Liwei New Materials Co.
, Ltd.
and Huizhou Zhongxing Changrong Enterprise.
The management service partnership company jointly invested and established Huizhou Lituo New Materials Co.
, Ltd.
(hereinafter referred to as "Hui Lituo", the specific name shall be subject to the industrial and commercial registration)

The business scope that Huili Tuo intends to engage in includes: new material technology development, consulting, transfer services, polymer materials, polyolefin materials, plastic products, rubber products, chemical fibers, chemical reagents and auxiliaries, chemical products (the above items are not R&D, production and sales of hazardous chemicals), R&D and production of polyolefin catalysts

Yueyang Xingchang Petrochemical Co.
, Ltd.
was established in February 1990

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