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Oriental Yuhong today (July 12) issued an announcement on signing the project investment agreement
.
The announcement stated that on July 10, 2021, Beijing Oriental Yuhong Waterproof Technology Co.
Oriental Yuhong today (July 12) issued an announcement on signing the project investment agreement
The project is constructed in two phases.
The first phase plans to build 120,000 tons/year VAE emulsion and 50,000 tons/year VAEP rubber powder projects.
The construction will be completed within 16 months after the construction conditions are met; the second phase is planned to build 280,000 tons.
/Year VAE emulsion and 50,000 tons/year VAEP rubber powder project will be completed by October 1, 2025 at the latest
.
The first phase plans to build 120,000 tons/year VAE emulsion and 50,000 tons/year VAEP rubber powder projects.
The construction will be completed within 16 months after the construction conditions are met; the second phase is planned to build 280,000 tons.
/Year VAE emulsion and 50,000 tons/year VAEP rubber powder project will be completed by October 1, 2025 at the latest
.
The agreement stipulates that during the approval, construction and operation of the Dongfang Yuhong project, the Yangzhou Chemical Industrial Park Management Office will set up a project service team to provide one-stop service for Dongfang Yuhong, fully promote the progress of the project, and promote the project to be completed and put into operation as soon as possible; During the construction and operation of the project, Yuhong must pay taxes in Yangzhou Chemical Industrial Park according to law; the fixed asset investment of the project shall not be less than 3.
5 million yuan/mu; the second year from the date of issuance of sales invoices, the annual invoiced sales shall not be less than 5 million yuan/mu, and taxation not less than 300,000 yuan/mu
.
5 million yuan/mu; the second year from the date of issuance of sales invoices, the annual invoiced sales shall not be less than 5 million yuan/mu, and taxation not less than 300,000 yuan/mu
.
The announcement shows that in the proposed project, the Yangzhou Chemical Industry Park Management Office provided about 186 acres of land in the E1 plot of Yangzhou Chemical Industry Park for Party B to plan and construct related projects.
The above-mentioned land was acquired through bidding, auction and listing
.
In other words, the project will start in the second year from the date of issuance of sales invoices, and the annual invoiced sales shall not be less than 930 million yuan
The announcement shows that in the proposed project, the Yangzhou Chemical Industry Park Management Office provided about 186 acres of land in the E1 plot of Yangzhou Chemical Industry Park for Party B to plan and construct related projects.
Oriental Yuhong stated that the company’s investment in the construction of 400,000 tons/year VAE emulsion and 100,000 tons/year VAEP rubber powder projects in Yangzhou Chemical Industry Park aims to base itself on the company’s core positioning as a service provider for building materials On the basis of the original business, it naturally extends to the upstream areas of water-based coatings, special mortars and other products, which will provide a good guarantee for the stability of the company's supply of some key raw materials, reduce the risk of raw material price fluctuations and cost optimization, and improve The company's anti-risk ability in the procurement process ensures the safety and efficiency of the supply chain, while creating new profit growth points, and gradually forming a situation of coordinated development of the upstream and downstream industrial chains
.
