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Photo: Polyvinyl chloride plant of Guangxi Huayi Chlor-Alkali Project

2024-07-04 16:57 Source: China Securities Journal

 China Securities Intelligent Finance Chlor-Alkali Chemical (600618) announced on the evening of July 4 that Guangxi Huayi Chlor-Alkali Chemical Co., Ltd. has recently completed the industrial and commercial change registration procedures, and the 40% equity of Guangxi Chlor-Alkali held by Shanghai Huayi Holding Group Co., Ltd. has been registered in the name of the company. After the transaction is completed, the company holds 100% of the equity of Guangxi Chlor-Alkali and becomes a wholly-owned subsidiary of the company.

According to a previous announcement, the company plans to use its own funds of 685 million yuan to acquire 40% of the equity of Guangxi Chlor-Alkali, a subsidiary of the company, held by Shanghai Huayi. In 2019, Guangxi Chlor-Alkali invested in the construction of a 300,000 tons/year caustic soda and 400,000 tons/year polyvinyl chloride project in Qinzhou, Guangxi. During the construction of the project, due to the company's limited funds, the company's controlling shareholder Shanghai Huayi and the company jointly funded the construction. In November 2022, the Guangxi Qinzhou project was completed and put into production. This equity acquisition will help further enhance the company's control over Guangxi Chlor-Alkali, integrate resources and improve production and operating efficiency. In the long run, it is expected to increase the company's net profit attributable to shareholders of the parent company.

According to the data, Chlor-Alkali Chemical mainly manufactures and sells caustic soda, chlorine and chlorine products, as well as polyvinyl chloride plastic resins and products. The company's annual production capacity of main products is: 1.02 million tons of caustic soda, 720,000 tons of ethylene dichloride, 600,000 tons of liquid chlorine, 200,000 tons of vinyl chloride, and 480,000 tons of polyvinyl chloride. The company has formed two production bases in Shanghai Chemical Industry Zone and Qinzhou, Guangxi. The two places have their own division of labor and key tasks, and they also cooperate with each other and develop in a balanced manner.

#shanghai  #guangxi  #qinzhou  #chloralkali  #pvc  #edc  #vinylchloride  #china 

Xinjiang Zhongtai Chemical's annual production of 250,000 tons of PVC and 220,000 tons of caustic soda project was completed and put into production.

Sun Tingwen and Li Jinghai, December 2, 2016 19:18 Source: China News Network

On Dec 2^nd, the second phase of the chlor-alkali project with an annual output of 250,000 tons of PVC (polyvinyl chloride) and 220,000 tons of caustic soda of Xinjiang Zhongtai Group Shengxiong Energy Company (referred to as "Zhongtai Shengxiong Energy") was completed and put into production, and the launching ceremony of the Toksun Energy Chemical Company's high-performance resin industrial park project was held in Toksun County, Turpan City.

It is reported that the total investment of the Zhongtai Mahatma Energy PVC Phase II project is about 2.7 billion yuan. Construction started in October 2012. After Zhongthai Chemical reorganized Mahatma Energy in September 2015, Zhongtai Chemical transferred in the management team to optimize the design and speed up the project construction. The project was put into trial operation on October 30, 2016. The project adopts modular design, with compact equipment layout, clear functional division and centralized control. In addition to advanced equipment, the newly developed double-effect evaporation process technology has been added to realize the recycling of wastewater, and the wastewater treatment has achieved recycling and zero emission.

　　After the project is put into production, it will form a production capacity of 500,000 tons of PVC and 400,000 tons of caustic soda projects, drive the production of calcium carbide and power generation, and the mining of coal, salt, and lime, realize "industrial integration, investment concentration, resource intensiveness, and benefit concentration", and form a coal-electricity-salt circular economy industrial chain. It can add an annual sales revenue of 1.83 billion yuan and an annual profit and tax of 368 million yuan, solve the employment of more than 700 local people, transform Turpan's advantageous resources into economic advantages, drive the employment of local employees of all ethnic groups and the development of the tertiary industry, and promote economic and social development and social stability.

　　On the same day, the high-performance resin industrial park of Toksun Energy Chemical Company, which was also started, was a special new material project determined by Zhongtai Chemical to be built in the southern area of ​​Toksun Industrial Park in order to change the current situation of single calcium carbide PVC product structure, only general varieties, and lack of special and special functional resins, and to achieve structural and transformation and upgrading. The terminal market products of the project are: special material resin for bulk method refers to special material resin for high-transmittance film bag, chlorinated polyvinyl chloride resin, 100,000 special paste resin, 50,000 tons/year CPE (or 30,000 tons/year CPVC), composite functional resin, solid sodium hydroxide, liquid chlorine, sodium hypochlorite, hydrochloric acid, etc. The project investment is about 2.7 billion yuan, and the annual sales after production is expected to be 2.9 billion yuan, which can provide employment for 1,300 people.

　　Zhang Wenquan, secretary of the Turpan Municipal Party Committee, said that the completion of the second phase of PVC and caustic soda projects and the launch of the high-performance resin industrial park construction project marked a new level in the economic development of Toksun County. It also marked that Turpan City has taken another solid step in the journey of economic transformation and upgrading. It is also a concrete manifestation of leading the new normal of the economy and releasing new economic momentum.

　　Zhongtai Shengxiong Energy, formerly Xinjiang Shengxiong Energy Co., Ltd., was established in 2006. It mainly engages in mineral resource development, calcium carbide, PVC, caustic soda, building materials, etc. It completed an investment of more than 10 billion yuan in 2014. With the rapid expansion of the company's investment scale, the debt ratio continued to rise. In addition, after the project was put into production, the market price of the terminal product PVC continued to be sluggish, and financial institutions tightened their credit. The company faced serious difficulties in subsequent development funds.

　　In 2014, under the coordination and promotion of government departments at all levels in Xinjiang Autonomous Region and the CPC Turpan Municipal Committee and Government, and the CPC Toksun County Committee and Government, Zhongtai Group began to discuss restructuring matters with Mahatma Energy. Finally, in September 2015, Zhongtai Group formally completed the strategic restructuring of Mahatma Energy. In the more than one year since the restructuring, the company has paid off a total of about 1.086 billion yuan in debts. In October 2016, the company began to make a small profit, turning losses into profits since the restructuring.

#chloralkali  #shengxiongenergy  #mahatmaenergy  #zhongtaich #chloralkali #pvc 

Mahatma Chlor-Alkali site (Photo by Hu Hui)

China-Thailand Zero Distance May 20, 2024 17:11

Recently, the Ministry of Industry and Information Technology’s official website announced that Mahatma Energy’s Chlor-Alkali Plant was listed in the list of “leaders” in energy efficiency in key industries across the country with its unit product energy consumption index of 151.91 (kgce/t) for the calcium carbide method (general type) in the polyvinyl chloride industry. This honor is not only a recognition of Mahatma Energy’s achievements in energy efficiency management, but also reflects that Zhongtai Group has taken solid steps on the road to sustainable development.

"At present, Mahatma Energy Chlor-Alkali Plant has adopted advanced energy-saving technologies, continuously optimized production processes, and continuously improved resource utilization efficiency and reduced energy consumption and carbon emissions through projects such as cascade utilization of wastewater and recovery of waste heat from boiler flue gas." said Liu Kai, director of the Technical Department of Mahatma Energy Chlor-Alkali Plant.

In recent years, Mahatma Energy Chlor-Alkali Plant has always adhered to the core concept of green manufacturing, energy conservation and carbon reduction, and has implemented it throughout all aspects of the company's production and operation. By widely carrying out mass quality management, "Five Smalls" mass innovation, and all-staff "Golden Ideas" and other activities, it has stimulated employees' vitality to actively participate in innovation, encouraged employees to give full play to their creativity, and brought technological innovation and production improvements to the company.

In 2024 , Shengxiong Energy Chlor-Alkali Plant will continue to increase investment in energy-saving and emission-reduction innovation projects in the transformation of high-current-density bipolar zero-gap natural circulation electrolyzers and comprehensive utilization of waste heat, further promote technological innovation and industrial upgrading, and effectively improve the company's energy efficiency management level. At the same time, it will actively cooperate and communicate with advanced companies in the industry, learn from advanced experience and technology, and make greater contributions to achieving the company's sustainable development goals.


#chloralkali #electrolyser  #pvc  #causticsoda  #chlorine  #mahatmaenergy  #shengxiongenergy  #china  #xinjiang  #turpan 

Details about Zhongtai group (holding company) have been updated.


#pvc  #chloralkali #causticsoda  #viscose  #calciumcarbide   

21^st Oct 2024, Source

According to the financial news on October 21, ST Zhongtai disclosed the investor relations activity record sheet, which shows that according to the relevant provisions of the "Shenzhen Stock Exchange Listing Rules", the company will apply to the Shenzhen Stock Exchange for the cancellation of other risk warnings within twelve months from the date of receipt of the "Administrative Penalty Decision". In addition, in order to increase its shareholding ratio in Mahatma Energy and realize industrial integration, the company acquired the shares of some shareholders of Mahatma Energy and included them in the company's consolidated financial statements in July 2024. The company's current PVC production capacity is 2.6 million tons/year and caustic soda production capacity is 1.86 million tons/year.

This article comes from: Financial AI Telegraph

Author: Telegraph

#pvc #causticsoda  #chloralkali 

Shaanxi Beiyuan Chemical Group Co. Chemical Branch (Jinyuan Chemical) and Shenmu site have been created.


#beiyuangroup  #beiyuanchemical  #jinyuanchemical  #yulin  #shaanxi

#shaanxi

On May 9, Xinjiang Tianya Co., Ltd. announced that the company acquired 100% equity of Tianchen Chemical, and Tianchen Chemical became a wholly-owned subsidiary of Xinjiang Tianya.

After the acquisition, Xinjiang Tiange PVC production capacity will reach 1.34 million tons/year, caustic soda production capacity 970,000 tons/year, calcium carbide production capacity 2.13 million tons/year and calcium carbide slag cement production plant 5.35 million tons/year.

soutuliao, 11 May 2023, ECHEMI.com

#causicsoda #pvc  #china  #chloralkali 

Xinjiang Chemicals information details and site's location have been updated.

Simandjoentak, LanceSimandjoentak, Lance

Xinjiang Tianye Group has been added.

#xinjiang  #china  #tianye  #pvc  #caustic