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On June 28, Xin'an issued an announcement stating that the company and Evonik Degussa (China) Investment Co.
, Ltd.
("Evonik") jointly invested in the establishment of Innovative (Zhenjiang) Silicon Materials Co.
, Ltd.
("Innovative") , The construction of the fumed silica project, after orderly construction, equipment installation, commissioning, etc.
, currently the 9,000 tons/year fumed silica project has entered the trial production stage
.
It is understood that the construction of the project started on December 10, 2019.
It is a joint venture between Xin'an Group and Evonik Degussa (China) Investment Co.
, Ltd.
It is the first fumed silica project of German Evonik in China.
It is also the project with the highest share of Chinese companies in the domestic fumed silica market
.
With a total investment of 470 million yuan, the project is expected to build a production plant area of more than 27,000 square meters with a planned annual output of 9,000 tons to meet the industrial needs of the Chinese market such as silicone rubber, coatings, adhesives, and gel batteries
The announcement shows that Evonik’s 9,000-ton/year fumed silica project has been completed and put into production.
On the one hand, Evonik’s internationally leading fumed silica technology can stabilize the recycling of organic silicon by-product resources in the Zhenjiang block of the company.
Environmental protection and safety risks, to maximize benefits; on the other hand, Evonik’s fumed silica has a strong brand influence and market premium ability in the domestic high-end market, and the products will get better economic benefits when they are put into the market.
The company's comprehensive profitability has made a positive contribution
.
The smooth progress of this cooperation project as planned will also lay a solid foundation for both parties to deepen and expand cooperation in other areas
Xin'an shares said that the overall market supply and demand of fumed silica is currently good, but the product price is still affected by the relationship between supply and demand, and the risk of subsequent market price fluctuations that will lead to the project's economic benefits not meeting expectations is not ruled out
.
In response to this risk, Innovative will actively control costs through advanced operation and technical management, broaden marketing channels in many ways, and minimize the impact of market price fluctuations on the company
