Hengtai Xinke subsidiary proposed to build 100,000 tons of electronic-grade epoxy resin project

Recently, Zhong project network summarized the first week of November 2020 approved petrochemical projects in Anhui Province, a total of 58 projects distributed in 8 cities, including a major epoxy resin project.
Copper Tomb Hengtai Electronic Materials Co., Ltd. intends to invest 378.75 million yuan, in the copper Ling City Development Zone to build an annual output of 100,000 tons of electronic epoxy resin project, the project covers a total area of 79 acres, two phases of construction, the project can achieve an annual output of 100,000 tons of electronic epoxy resin. At present, the environmental impact assessment information has been completed a public announcement, engineering design is in

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Copper Tomb Hengtai Electronics is mainly engaged in epoxy resin research and development, production and sales, in August 2020 Anhui Hengtai Xinke from the majority shareholder, in cash to buy a 75% stake in Copper Tomb Hengtai Electronics, become its controlling parent company.
Hengtai Xinke is one of the main suppliers of solid epoxy resin in China, located in Huizhou District of Huangshan City, in 2019, Hengtai Xinke "annual output of 50,000 tons of functional epoxy resin (two-step method)" construction project through environmental evaluation acceptance and put into production, production capacity in the domestic solid epoxy resin enterprises in a leading position. In the next few years, with the completion and commissioning of the 100,000-ton electronic epoxy resin project of subsidiary Copper Ling Hengtai Electronics Co., Ltd., it will further consolidate The market leading position of Hengtai Xinke epoxy resin.
Hengtai Xinke's business model is mainly from upstream basic chemical manufacturers to purchase bisphenol A, epoxy chloropropane and other raw materials, organize the company's production department to produce solid epoxy resin, sales to downstream customers, 2019 revenue of 612 million yuan, net profit of 18.4 million yuan. The main raw material suppliers are beneficial to Huayi Weiyuan, Changchun Chemical, Ningbo Ring Ocean, etc., the main downstream customers are Libang, Zhongshan Glanz, Osaka coatings, Yanxiang coatings and other companies.