Communicator
| News |
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. 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. |
| Operations |
Xinjiang Huatai Heavy Chemical Co., Ltd. (Huatai Company) and chloralkali manufacturing site in Urumqi have been added. |
