Jiangsu Fuqiang hydrogen peroxide exploded, Yangzhou Chenhua was affected and stopped production!

Yangzhou Chenhua New Materials Co., Ltd. issued "Announcement on Subsidiaries Affected by Enterprise Accidents in the Park" on November 1st: On the morning of October 14, 2021, the purification tower of the hydrogen peroxide production unit of Jiangsu Fortune New Material Co., Ltd. in Huai'an Industrial Park The internal hydrogen peroxide decomposition accident occurred, and the company's wholly-owned subsidiary Huai'an Chenhua is located in the Huai'an Industrial Park.

After the Jiangsu Fuqiang accident occurred, Huai'an Chenhua took the initiative to cooperate with the completion of various instructions issued by the park government departments, and actively responded to the emergency. At present, the production line of Huai'an Chenhua's annual production of 20,000 tons of alkyl glycoside project (15,000 tons of which are fund-raising projects) is still in normal production.

Due to production safety considerations, Huai’an Chenhua’s production lines using Class A raw materials have been temporarily suspended recently for safety hazard investigation. The time for resuming production after temporary suspension of some production lines is uncertain; this temporary suspension involves the production capacity of related production lines It is: the annual output of 35,900 tons of polyether project, the annual output of 23,000 tons of amino-terminated polyether project (of which 5 thousand tons are fund-raising projects), the annual output of 20,000 tons of flame retardant project.

On September 22, 2021, Huai’an Chenhua will temporarily suspend production due to power curtailment and production restrictions, and will resume production in an orderly manner from October 8. Combined with the temporary suspension of some production lines of Huai’an Chenhua this time, the company’s preliminary forecast: Huai’an Chenhua The temporary suspension of production this year and the temporary suspension of some of the production lines have caused the company's losses, which may exceed 10% of the company's audited net profit in 2020. As the time for the resumption of production after the temporary shutdown of some Huai'an Chenhua production lines is still uncertain, the aforementioned forecast is only a preliminary forecast.