Four banks support 1.1 million tons of soda ash project in Qinghai Province

On the afternoon of December 15, the Bank of Qinghai Province Branch of the Bank of China, the Qinghai Branch of the Industrial and Commercial Bank of China, the Qinghai Branch of the Agricultural Bank of China, and the Lanzhou Branch of the Shanghai Pudong Development Bank held the “1.1 million tons soda ash project of Qinghai Multicolored Soda Industry Co., Ltd. in Xining. "Synergy loan agreement" signing ceremony. The syndicated loan was led by the Bank of China Qinghai Branch and the total investment of the project was 2.145 billion yuan.

In recent years, through the government’s policy-setting platform, banks and enterprises have communicated with each other and promoted each other, thus reaching a consensus, working together to achieve a win-win situation. As the controlling shareholder of Qinghai Scattered Alkali Industry Co., Ltd., Tangshan Sanyou Chemical Industry Co., Ltd. has an annual production capacity of 2 million tons of soda ash. The five indicators of output, quality, cost, market share, and foreign exchange earned through exports for many years ranked in the industry. First, it has become one of the soda companies with the largest domestic production scale, the most advanced technology and equipment, and the most complete product variety. As a key project of the strength of the Qinghai Colorful Industry Co., Ltd. and Sanyou Chemicals strategic cooperation, relying on the technical advantages of both parties, make full use of the abundant salt lake resources in our province to jointly build 1.1 million tons of soda ash projects, regional advantages, cost advantages , with broad prospects for development. As the province's industrial "double hundred" action key projects, it will surely play an important role in our province to create the "alkali capital" process of Hercynian and boost the rapid economic development of our province.

The signing of the syndicated loan agreement further closes the bank-enterprise cooperation and the relationship between the bank and the bank, laying a solid foundation for new cooperation in other financial fields and promoting the comprehensive business of the syndicate parties and Qinghai Multicolored Alkali Industry Co., Ltd. Development has far-reaching significance.

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