An investment of over 1.3 billion! The 180,000 tons/year resin project started

Recently, an investor asked Sinochem International (or the company) : How about the production and sales of the 180,000 tons/year epoxy resin device in the carbon industry chain of the company since it was put into operation last year? The company's existing epoxy resin production capacity of 350,000 tons/year, has become the leading enterprise of epoxy resin in China, excuse me, in the downstream wind power, electronic and electrical engineering, paint and other core application areas of customer structure and market share? According to the public information, Jiangsu Ruixiang 150000 tons/year special epoxy resin has been in the environmental assessment publicity, please introduce the company's Yizheng special epoxy resin project.

Based on Yangnong Kumho's good customer base formed by years of deep cultivation in the downstream customer field, the operating rate of the company's 180,000 tons/year epoxy resin plant in Lianyungang Jiangsu Ruiheng is about 70%, and the company has entered the core customer supply system in the fields of wind power, electronic electrician, electronic CCL, coating, new generation communication technology and so on.

The company's existing epoxy resin production capacity is 350,000 tons/year, including 170,000 tons/year of Yangnong Kumho and 180,000 tons/year of Jiangsu Ruiheng. In 2022, the market sales are mainly to domestic customers, and exports are auxiliary. The downstream customer structure can be roughly divided into: electronic and electrical (including PCB, electronic and electrical, etc., about 35%), wind power (including structural glue, system material, pultrating material, paint and other applications, about 30%), infrastructure (including paint, floor coating, new generation communication technology, beauty sealant, etc., about 25%), others (about 10%). In the above application fields, the company has formed stable cooperation with the head enterprises for many years.

The company has planned 150,000 tons/year of special resins (including brominated, halogen-free, solvent, semi-solid, compound, diluent, water-based, water-based curing agent, etc.) in the Yizheng New Material Industrial Park, which is conducive to further improving the product structure and product portfolio. At present, the Yizheng epoxy resin project is being advanced, and the epoxy resin industry chain is the core industry chain of the company. The company will fully demonstrate the competitiveness and feasibility of the project according to the changes of the internal and external environment, and start the project construction in time. Please refer to the announcement of the company for the specific project progress.

According to public information, in August 2020, Yangnong Group announced the second publicity of Jiangsu Ruiheng New Material Technology Co., LTD. 's annual output of 180,000 tons of epoxy resin and supporting engineering projects on its official website. It mainly includes 160000 tons/year liquid epoxy resin device, 13000 tons/year solid epoxy resin and 7000 tons/year (100) solvent-based solid epoxy resin device, 180,000 tons/year (100) waste salt comprehensive utilization ion membrane caustic soda device (supporting the construction of brine wet oxidation system). The total investment of the project is 1328.4 million yuan, of which 353.0 million yuan is invested in environmental protection, accounting for 26.57% of the total investment.