Xinhua shares will increase the production capacity of the new flame retardant project by three times

Recently, Xinhua shares disclosed that the company intends to expand the new halogen-free organic flame retardant project with an annual output of 6000 tons on the basis of the new halogen-free organic flame retardant device. After the completion of the project, the production capacity will be increased by 6,000 tons, reaching 8,000 tons/year, and the investment amount will be 590.981 million yuan.

According to the announcement, the project will be built in the production base of Xinhua Dayang, and the construction period will be 12 months.

Xinhua co is introduced, in fine chemicals production technology research and development capabilities, the company research and development center for research of halogen-free flame retardant synthetic technology, developed a new type of halogen free flame retardants, a short process, less investment, low cost of raw materials, products of good quality, less "three wastes", and many other advantages, market competition ability.

Therefore, since the production of the 2,000 tons of new halogen-free organic flame retardant device of Xinhua Stock, orders have continued to increase, and the production capacity can no longer meet the development needs.

The company said that the construction and implementation of this project is conducive to further expand the scale of the company's flame retardant business, give full play to the advantages of product scale, and improve the market share.

According to the public information, Xinhua is mainly engaged in the production and management of fatty amines, organic solvents, synthetic fragrances, hydrogen peroxide and other fine chemical products. The company's leading products isopropyl amine, ethylamine and isopropyl alcohol, from the production scale, cost, market share, the company has a strong competitive advantage.

At the same time, as an important manufacturer of fatty amine industry in China, Xinhua has the highest comprehensive production capacity in China and is currently the leading manufacturer of low carbon fatty amine products in the world.

Since this year, Xinhua shares is actively in the chemical industry chain to achieve expansion and extension. In July, the company announced that it planned to invest 297 million yuan by the holding subsidiary to upgrade and expand the existing spices, adding 18,800 tons of production capacity, reaching 34,800 tons/year spice production capacity.

In April, the company plans to build a phosphate-containing new material product project in Ningxia Ningdong Chemical Base through Ningxia Xinhua Chemical Co., LTD. As new MATERIALS, proprietary phosphine chemicals have shown excellent performance in fungicides, pharmaceutical ligands, mineral extractants, new flame retardants, water treatment agents, etc. The planned project covers an area of about 170 mu, and the annual output of 20000 tons of phosphate-containing new material products and supporting facilities will be built. The construction period will be 36 months, and the planned investment of the project will be 516 million yuan.

What needs to be paid attention to is that with the support of research and development, the new business areas of Xinhua shares continue to expand.

The company's 40,000 tons/year synthetic ammonia (gas production unit) new coal gasification comprehensive utilization technology transformation project is expected to be completed and put into operation in 2022, and 99% of the project progress has been completed. In the field of chemical hazardous waste treatment, the relocation project of 58,100 tons/year of waste acid, 11,600 tons/year of waste alkali and 10,000 tons/year of waste organic solvent resources has been completed and put into operation.

In the field of mineral chemicals, Xinhua has actively expanded its application scope. In addition to the original nickel, cobalt and rare earth separation business, Xinhua has also achieved breakthroughs in the lithium extraction business of salt lake, laying a good foundation for the subsequent large-scale promotion and application.

According to the APP of Enterprise Chacha, Zhejiang New Lixiang Technology Co., Ltd. was established on May 16 with a registered capital of 10 million RMB. The business scope includes: new material technology promotion services; New material technology research and development. Equity penetration shows that the company is jointly owned by Xinhua Shares and Jiande Gama Equity Investment Partnership (limited partnership).

In addition, the company achieved a net profit of 248 million yuan in the first three quarters, up 125.81% year on year. During the reporting period, the business segments of the company continued to operate steadily, with high product prosperity, increased sales prices compared with the same period last year, and significantly improved product profitability.