Lier Chemical: 10,000 t/a Glufosinate-P project is expected to be put into production next year

Lier Chemical recently accepted investor research, said that 20,000 t/a enzymatic Glufosinate-P project in Hunan Jin City has been put into production, the production situation is normal; Jingzhou 10,000 tons/year biochemical method Glufosinate-P project has begun construction in the first half of this year, the construction process is smooth, is expected to be put into production next year.

For the future market development trend, Lier Chemical said that it is very optimistic about the market space of Glufosinate-P, the future with the gradual maturity of the production process, the reduction of production costs and the completion of the registration market layout, the scale of market demand will continue to grow.

For the reasons for the decline in the company's three quarterly results, Lier Chemical said that the main reason is the sharp decline in the sales price of the company's core product Glufosinate ammonium compared with the same period last year, and the reason that the third quarter itself is also the off-season. Faced with the operating pressure of declining performance, the company paid close attention to market sales and stabilized market share; Make every effort to reduce production costs, control various expenses, and do a good job in tapping internal potential; Steadily promote the construction progress of major projects to ensure the implementation of the company's strategy.