 Home > Chemicals Industry > Rubber Plastic News > 45 billion listed companies make a big move, plan to invest 20.7 billion to bet on the degradation industry, and sign the first phase of a 1 million-ton degradation project

45 billion listed companies make a big move, plan to invest 20.7 billion to bet on the degradation industry, and sign the first phase of a 1 million-ton degradation project

 Last Update: 2022-08-28
 Source: Internet
 Author: User

Tags

carbon fiber fabric

new enterprise concrete

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On the afternoon of June 21, Wuhai City, Inner Mongolia held a centralized signing ceremony for key investment promotion projects in 2021

Li Chunxiao, deputy mayor of Wuhai Municipal Government, and Du Jiangtao, founder and chairman of Junzheng Group, signed an investment agreement on the first-phase project of green, low-carbon, environmentally friendly, degradable plastic recycling industry on behalf of Wuhai Municipal Government and Junzheng Group

The investment amount is 20.
7 billion, which is twice the net profit in the past four years

The first phase of Inner Mongolia Junzheng project is located in Wuda Industrial Park, Wuhai City, Inner Mongolia, with a total investment of 20.
7 billion yuan, about twice its net profit in the past four years

Junzheng Group stated that the sources of funds include but are not limited to the company's own funds, loans from financial institutions,

etc.

Junzheng Group first announced the news of the project on May 7, 2021.
The stock price rose and fell to close at 6.
56 yuan on that day, and then fluctuated and fell.
As of June 22, it closed at 5.
36 yuan, with a total market value of 45.
23 billion yuan

Heavy! Inner Mongolia Junzheng, a PVC manufacturer, built 1.
2 million tons of BDO + 2 million tons of degradable plastics

Drop 20 billion! Du Jiangtao, the richest man in Inner Mongolia, suddenly set his sights on the degradation industry!

Junzheng Group was founded in Wuhai City in 2003.
It is a leading private economic enterprise in Wuhai City.
In the past 15 years, Junzheng Group has become a leading enterprise in promoting the modernization of China's chlor-alkali industry through numerous major technological innovations, and is a large domestic PVC supplier.
One, with a 700,000-ton PVC plant

The first large-scale closed calcium carbide furnace built by it has become the national industrial standard; the first one to introduce a 600-ton sleeve gas-fired lime kiln into the calcium carbide industry to realize the comprehensive utilization of the exhaust gas of the calcium carbide furnace; the first to use calcium carbide slag as a desulfurizing agent to reduce the consumption of limestone ore.
Exploitation and carbon dioxide emissions; the extensive use of high-tech industrial robots in hazardous environments and the DCS automation control system for the entire production process have raised the safety of production to a new height

Why does the richest man in Inner Mongolia look at biodegradable?

According to public information, Junzheng Group was founded in 2003 by Du Jiangtao, a businessman from Inner Mongolia, and is a leading enterprise in the chlor-alkali chemical industry in Inner Mongolia

Junzheng Group believes that the degradable plastics market has broad prospects.
The company relies on the management, technology and talent advantages accumulated by the existing circular economy industrial chain, and is based in the field of degradable materials.
On the one hand, it can further consolidate and expand the comprehensive competition of the existing industrial chain.
On the other hand, it can gradually establish the industrial scale and comprehensive competitiveness of the company in the field of fine chemicals
.
This project is in line with relevant national industrial policies and the company's long-term development plan and development strategy
.
After the project is put into operation, it is expected to have a positive impact on the company's future financial status and operating results, which is in the interests of the company and all shareholders
.

Centralized Signing Ceremony for Key Investment Promotion Projects in Wuhai City in 2021

Li Chunxiao, Deputy Mayor of Wuhai Municipal Government, and Du Jiangtao, Founder and Chairman of Junzheng Group, signed an investment agreement

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.