As market share continues to increase and domestic polyester production capacity continues to grow, a number of leading companies have begun to accelerate their production capacity layout due to their strong financial strength and obvious cost advantages in industrial chain integration. Recently, chemical fiber companies such as Hengli and Shenghong have The dragon head made another big move, and it pointed at North Jiangsu!
A subsidiary of Hengli Petrochemical plans to acquire assets for 2.184 billion yuan
Ensure the smooth progress of the 1.5 million tons/year new material project
On January 4, 2022, Hengli Petrochemical announced that Jiangsu Xuanda Polymer Materials Co., Ltd., a subsidiary of the company, plans to purchase a building owned by Nantong Guangzhen Textile Intelligent Technology Co., Ltd. in Wujie Town, Tongzhou District, Nantong City for 2.184 billion yuan. assets, including properties, projects under construction, engineering materials, and land use rights of three industrial lands.
It is understood that the acquisition is intended to reduce the company’s daily related transactions and ensure the smooth progress of Jiangsu Xuanda’s 1.5 million tons/year green multi-functional new textile material project. Hengli Petrochemical stated that in the past two years, the company’s subsidiary Jiangsu Hengke New Materials Co., Ltd. (“Hengke”) has successively launched 1.35 million tons of multi-functional high-quality new textile materials projects (“Hengke Phase II”) and 1.5 million tons/year green multi-functional new textile material project (“Hengke Phase III”), of which the Hengke Phase III project is constructed by Jiangsu Xuanda, a subsidiary of Hengke. The project includes a 280,000-ton functional composite deformed fiber project, The annual output of 150,000 tons of super-simulation functional new elastic fiber project, the annual output of 150,000 tons of super-simulation differentiated environmentally friendly fiber project, the annual output of 300,000 tons of super-simulation, modified polyester (PET) fiber technical transformation project and the annual output of 30 10,000-ton super-simulation, functional polyester (PET) fiber technological transformation project. In order to start the construction of the third phase of the Hengke project as soon as possible, the project was carried out by leasing the land and factory buildings of Guangzhen Company and investing in equipment from Jiangsu Xuanda. Therefore, in April 2021, Jiangsu Xuanda used market-based pricing principles to lease the land and industrial plants of Guangzhen Company in advance at a lease price of 45 million yuan and a lease period of one year. The leasing matter has been disclosed in the company’s expected announcement of daily related transactions in 2021.
At the same time, with the continuous advancement of the Hengke Phase III project, it is expected that the lease of other lands and factories of Guangzhen Company will increase in the future, and the amount of related transactions will further expand by then. Therefore, in order to reduce the related transactions of listed companies and also provide a strong guarantee for the smooth advancement of the company’s project construction, the company plans to acquire the land and factories of Guangzhen Company.
Oriental Shenghong subsidiary invested 3.612 billion
Construction of the second phase of the super-simulation functional fiber project with an annual output of 500,000 tons
On the evening of January 12, Dongfang Shenghong issued an announcement stating that in order to meet the market’s growing objective demand for various differentiated and functional polyester fibers with excellent performance and further enhance the market competitiveness of polyester filament, the company’s second Guowang High-tech Fiber (Suqian) Co., Ltd., a wholly-owned subsidiary of the company, will invest in the construction of the second phase of a super-simulation functional fiber project with an annual output of 500,000 tons. The project is expected to have a total investment of 3.612 billion yuan and a construction period of 2 years.
The products of this project are mainly targeted at civilian products such as clothing decoration, which can meet the market’s growing objective demand for various differentiated and functional polyester fibers with excellent performance. Through the implementation of this project, the company’s production capacity of polyester filament can be improved, the product varieties of polyester filament can be enriched, the super-simulation functionality and differentiation rate of the product can be improved, the added value of the product can be enhanced, and the market competition of the company’s polyester filament can be further enhanced. Strengthen the core competitiveness of enterprises and achieve sustainable development of enterprises in the context of fierce industry competition.
After calculation, the project is expected to have an annual sales revenue of 3.365 billion yuan and a total annual profit of 796 million yuan. After the project reaches production, it will have a positive impact on the company’s operating performance.
The textile industry in northern Jiangsu rose “overnight”
It is a huge temptation for polyester faucets!
As the largest textile industry province in the country, Jiangsu Province has ranked first in the country in total textile volume for more than 30 years since 1985, accounting for about 20% of the country. In recent years, due to cost and other factors, a large number of textile companies in southern Jiangsu have accelerated the transfer of manufacturing links to northern Jiangsu. Xinyi High-end Textile Industrial Park is located in Xinyi City, the “Northern Gate” of Jiangsu Province. Under the guidance of Jiangsu Province’s cross-river development strategy, it has proactively adjusted and actively undertaken, and has rapidly developed into one of the important textile and garment industry bases in northern Jiangsu.
The originally unknown textile and chemical fiber industry in northern Jiangsu rose rapidly almost “overnight”, and a huge textile cluster market began to take shape. This in itself is a huge temptation for polyester companies. In recent years, not only Hengli and Shenghong, the leaders in Jiangsu Province, but also Tongkun, Hengyi and Xinfengming, several major polyester companies in Zhejiang Province, have focused their investment in this area.
In addition, in the context of environmental protection governance and industrial gradient transfer, the original environmental protectionThe textile printing and dyeing enterprises in Hunan Lake have relocated to the northern Jiangsu area, which has a location advantage for the polyester project and product sales are guaranteed.
Judging from the later production status, the world will still be dominated by the leading manufacturers in the future. Tongkun is in Nantong Yangkou, Suqian Shuyang, Xinjiang Alar and other places, Hengyi is in Hangzhou Xiaoshan, Suqian High-tech Zone and other places, Xinfengming There are plans to put certain devices into production in Pinghu, Jiaxing, Xinyi, Xuzhou and other places. In the later period, the production capacity of the domestic leading enterprises in the polyester industry will enter the fast lane. It is expected that by 2023, the production capacity of the six major domestic polyester factories will account for more than 50% of the domestic production capacity. level. As the advantages of industrial chain integration become more and more obvious, the regional distribution of the polyester industry is concentrated in Zhejiang Province, Jiangsu Province, and Fujian Province, and it also shows the characteristics of industrial gradient transfer.
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