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CNNC Titanium Dioxide announced on September 25 that Wuxi Haopu Titanium, a wholly-owned subsidiary of the company, has recently received relevant notification documents from the People’s Government of Xibei Town, Xishan District, Wuxi City, Jiangsu Province, requesting Haopu Titanium by November 30 at the latest.
Stop production and business, and dismantle the main production equipment of titanium dioxide
.
? It is reported that the Xibei Town People’s Government, centering on the overall requirements of the municipal party committee and the municipal government on the green transformation and development of the chemical industry, has decided to issue Haopu Titanium in order to promote the adjustment of industrial layout, optimize the industrial structure, and extend the industrial chain to the mid-to-high end of the Xibei Park Business suspension notice
.
? It is understood that Hao Cape Titanium dioxide treatment plant after the company, with an annual capacity of 100,000 tons, after the cut-off portion of production capacity to undertake a wholly owned subsidiary of Anhui Venus titanium dioxide (Group) Co.
, Ltd
.
Haopu Titanium's 2017 operating income was 1.
072 billion yuan (of which the group's operating income accounted for about 97%), after the merger offset internal sales, it accounted for 1% of the company's audited consolidated operating income; 2017 net profit was 11.
1992 million yuan , Accounting for 2.
88% of the company’s audited net profit attributable to shareholders of the listed company.
Haopu Titanium’s suspension of production will incur costs (losses) such as personnel placement and asset disposal.
At the same time, the government will also provide corresponding compensation based on the losses caused by the suspension.
.
Stop production and business, and dismantle the main production equipment of titanium dioxide
.
? It is reported that the Xibei Town People’s Government, centering on the overall requirements of the municipal party committee and the municipal government on the green transformation and development of the chemical industry, has decided to issue Haopu Titanium in order to promote the adjustment of industrial layout, optimize the industrial structure, and extend the industrial chain to the mid-to-high end of the Xibei Park Business suspension notice
.
? It is understood that Hao Cape Titanium dioxide treatment plant after the company, with an annual capacity of 100,000 tons, after the cut-off portion of production capacity to undertake a wholly owned subsidiary of Anhui Venus titanium dioxide (Group) Co.
, Ltd
.
Haopu Titanium's 2017 operating income was 1.
072 billion yuan (of which the group's operating income accounted for about 97%), after the merger offset internal sales, it accounted for 1% of the company's audited consolidated operating income; 2017 net profit was 11.
1992 million yuan , Accounting for 2.
88% of the company’s audited net profit attributable to shareholders of the listed company.
Haopu Titanium’s suspension of production will incur costs (losses) such as personnel placement and asset disposal.
At the same time, the government will also provide corresponding compensation based on the losses caused by the suspension.
.
