Luxi Chemicals turned to accelerate the pace of comprehensive chemical companies. The reporter learned from the company’s extraordinary shareholders’ meeting that the resolution on the extension of the validity of the company's non-public issuance of A-share resolutions was passed, and is expected to issue shares in October. The total amount of funds raised through the directional increase in issuance will not exceed 2.135 billion yuan, of which 30% will be used to adjust 300,000 tons of urea per year for the raw material route and power structure, and 70% of the funds will be used to produce 200,000 tons of organic silicon projects each year.
Due to the overcapacity of urea and the weak profitability of compound fertilizer, Luxi Chemical began to seek transformation from last year. After the investment project of raised capital raised and put into production, the product structure of the company will undergo major changes, and the proportion of chemical fertilizer products will change. From the current 85% or so to about 50%, the proportion of high value-added high-end chemical products will increase significantly.
From the company's understanding, as of now, the company has 60,000 tons of methane chloride put into operation (in November re-started 60,000 tons); melamine put into operation 80,000 tons (will be expanded to 160,000 tons); chlorinated paraffin put into production 50,000 Tons (to be expanded to 100,000 tons); 50,000 tons of silicone monomer is being tested (to be expanded to 200,000 tons); methylamine is put into production of 100,000 tons (to be expanded to 200,000 tons); the company DMF will be built to 200,000 Ton capacity. A related person in the company told the reporter that the above-mentioned related projects have been partially put into production and the benefits will gradually emerge.
In addition, in the industrial park that is under construction, there are many new projects that the company reserves, and it is expected that it will start construction of a number of new projects within two years.
However, some analysts believe that although the company's chemical projects are more blooming, the prospects are very different. Except that the newly-started melamine and methane chloride plants are profitable, the DMF plant under construction is expected to have poor profitability due to the overcapacity. It is also time to examine whether the silicone monomer can be successfully developed.
Due to the overcapacity of urea and the weak profitability of compound fertilizer, Luxi Chemical began to seek transformation from last year. After the investment project of raised capital raised and put into production, the product structure of the company will undergo major changes, and the proportion of chemical fertilizer products will change. From the current 85% or so to about 50%, the proportion of high value-added high-end chemical products will increase significantly.
From the company's understanding, as of now, the company has 60,000 tons of methane chloride put into operation (in November re-started 60,000 tons); melamine put into operation 80,000 tons (will be expanded to 160,000 tons); chlorinated paraffin put into production 50,000 Tons (to be expanded to 100,000 tons); 50,000 tons of silicone monomer is being tested (to be expanded to 200,000 tons); methylamine is put into production of 100,000 tons (to be expanded to 200,000 tons); the company DMF will be built to 200,000 Ton capacity. A related person in the company told the reporter that the above-mentioned related projects have been partially put into production and the benefits will gradually emerge.
In addition, in the industrial park that is under construction, there are many new projects that the company reserves, and it is expected that it will start construction of a number of new projects within two years.
However, some analysts believe that although the company's chemical projects are more blooming, the prospects are very different. Except that the newly-started melamine and methane chloride plants are profitable, the DMF plant under construction is expected to have poor profitability due to the overcapacity. It is also time to examine whether the silicone monomer can be successfully developed.
Learning Machine,Best Learning Machine,Google Machine Learning,Learning Machine For Sale
OKAI INDUSTRY(GUANGZHOU)LIMITED , https://www.okaimachinery.com