The fact that the first half of the year's performance lags behind expectations does not prevent Shanxi 3D from continuing to expand and strengthen the BDO industry. The company today launched a 1.5 billion yuan non-public issuance plan aimed at strengthening the status of the BDO industry and further connecting the upstream and downstream sectors. Industry chain.
Shanxi three-dimensional announcement today, the company plans to not less than 10.64 yuan / share of non-public issuance of no more than 150 million shares, raising funds not exceeding 1.5 billion. Among them, the major shareholder Yangmei Group subscribed for the company's shares issued by 80% of the shares of the company and the provincial economic and trade group subscribed for the issuance of shares with 20% of the shares of the company. The other 8 investors did not exceed 8 investors. Buy in cash.
In addition to the acquisition of 100% equity of the company, the funds raised from this non-public offering will be invested in the newly-built 100,000 t/y alkydaldehyde BDO project, a new 100,000-ton/year maleic anhydride project and a new 30,000-ton/year PTMEG project; Among them, the BDO project is obviously to further consolidate the company's leading position.
According to reports, BDO is an important basic organic chemical raw material, which has a wide range of uses and is one of the fastest growing chemical products in the world. It is expected that BDO supply will remain tight in 2011, and prices are still rising. At present, Shanxi Three-dimensional has a 1.2 million tons/year coking production capacity, 200,000 tons/year crude benzene refining capacity, 75,000 tons/year maleic anhydride BDO production capacity, 75,000 tons/year alkydaldehyde BDO production capacity, 55,000 T/year PTMEG production capacity. The funds raised from the non-public issuance of shares will be used in part for the additional 100,000 tons/year maleic anhydride production unit and 30,000 tons/year PTMEG production unit.
The company also stated that the production of the 100,000 tons/year maleic anhydride production plant will open up the company's “coking benzene-maleic anhydride-maleic anhydride method BDO†industrial chain to achieve the integrated production of maleic anhydride BDO. After the project is completed and put into production, it can ensure the company's new raw material requirements for maleic anhydride BDO devices, thereby ensuring the company's maleic anhydride BDO stable production capacity; at the same time, the production of hydrogen produced by maleic anhydride can also be used for BDO production, and further improve the raw materials Utilization rate.
PTMEG is a downstream product of the BDO industry and is mainly used for the production of fine chemical products such as spandex, polyurethane elastomers, and ester ether copolymer elastomers. The new 30,000-ton/year PTMEG project aims to enhance the vertical integration and competitive advantage of the BDO industry.
In addition, the company intends to acquire 100% equity of calcium carbide company jointly held by Yangmei Group and the provincial economic and trade group with this non-public issuance of shares. After the completion of production of calcium carbide company, it will annually produce 400,000 tons of calcium carbide, thereby enhancing the company's production of important raw materials. The ability to control, to promote the BDO industrial chain to extend upstream, help control production costs.
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