The industry is expanding rapidly!

On the evening of September 7, Sichuan Dongcai issued a series of announcements intensively
.
Major events: One is the acquisition of Shandong Dongrun, and the other is the capital increase in the Guangzhou Aimont Proton Exchange Membrane Project:

Sichuan Dongcai said: In order to expand the scale of production capacity, enrich the product structure, and improve the company's industrial chain layout in the electronic materials sector, the holding subsidiary of Sichuan Dongcai Technology Group Co.
, Ltd.
, Shandong Aimeng New Materials Co.
, Ltd.
, plans to use its own or Self-raised funds RMB 36 million to acquire 100% of Shandong Dongrun New Material Co.
, Ltd.
held by Shandong Laiwu Runda New Material Co.
, Ltd.
, as the main body of the implementation of the "160,000 tons of high-performance resin and formaldehyde project per year"
.
After the completion of the acquisition, it will guarantee the capital needs for the construction of subsequent industrialization projects, and promote the future sustainable development of Shandong Dongrun coatings online coatingol.
com
.

Figure 1.
Ownership structure after the acquisition

After the completion of the acquisition, in order to implement the construction of industrialization projects and promote the sustainable development of Shandong Dongrun, Shandong Aimont intends to increase the capital of Shandong Dongrun with its own or self-raised funds of 150 million yuan
.
After the completion of this investment, Shandong Dongrun’s registered capital has increased from 50 million yuan to 200 million yuan, and Shandong Aimont holds 100% of Shandong Dongrun’s equity
.
Shandong Dongrun is currently still in the preparatory stage and has not yet realized product sales revenue
.

Shandong Dongrun’s "160,000 tons of high-performance resin and formaldehyde project per year" project is positioned to produce special phenolic resins, composite resins and supporting key raw materials.
The total investment of the project is 481 million yuan.
The proposed project will build 6 new production workshops.
The project includes the first resin workshop, the second resin workshop, the acetylene and acetylene resin workshop, the salicylic acid workshop and the formaldehyde plant
.
A total of 14 sets of production equipment, producing 5 types of thermoplastic phenolic resins, 4 types of thermosetting phenolic resins, 1 type of phenolic resin curing agent, 2 types of benzoxazine resins, 1 type of composite resin, 1 type of alkylphenol acetylene resin, salicylic acid There are 16 products in 8 categories of acid and formaldehyde, with a total designed production capacity of 160,000 tons per year
.

Figure 2.
Products in the first workshop of Shandong Dongrun Resin

Figure 3.
Products in the second workshop of Shandong Dongrun Resin

Figure 4.
Products of Shandong Dongrun Acetylene and Acetylene Resin Workshop

The main body of the acquisition, Shandong Aimonte, "Industrialization Project of Special Resin Materials for High Frequency and High Speed ​​Printed Circuit Boards with Annual Production of 5,200 Tons", "Special Epoxy Resin and Intermediates Project with Annual Production of 60,000 Tons", is expected to continue by the end of 2021 Commissioned production
.

In addition to the acquisition of Shandong Dongrun, Sichuan Dongma intends to increase its capital by 40 million yuan in its wholly-owned subsidiary, Guangzhou Aimeng New Material Technology Co.