Ye's chemical integrated coatings business will produce synergies

china Paint Network
: It is understood that the mainland in January official and HSBC manufacturing PMI are below the breaking line, reflecting domestic and foreign demand remains weak, order growth has slowed. However, the market expects the central government to further launch stimulus economic policies. In addition, the outlook for industry leaders need not be overly pessimistic about plant capacity consolidation to ease overcapacity.
is the world's largest producer of acetate solvents and the largest ink manufacturer in the Mainland, with a scale effect. Solvents,
coatings
and lubricants are the three main businesses, in order to further integrate the business, the Group will be three companies (Hengchang
industrial coatings
, Dachang resin, Bauhinia paint), into the "paint group", the goal is to officially operate this year, is expected to produce synergies in procurement, plant and man-made.
the first half of last year was stable in the face of industry competition and overcapacity. During the period, the Group's revenue increased by 7% year-on-year to $4.72 billion, with sales at a record high, but net profit fell by 60% to $51.38 million as a result of the sharp reduction in the RMB exchange rate and the lack of special dividend income; Excluding related factors, operating profit from core business increased by 12% year-on-year. In addition, the new production line of 300,000 tons of acetate in Jiangsu is expected to start production at the beginning of this year, in addition to increasing production capacity and driving sales, the new production line technology can save raw materials and energy, improve operating efficiency.
's lending ratio fell 4.8 percentage points to 54 per cent at the end of June last year from the end of December 2013, with cash holdings of $1.26 billion, compared with $250 million in capital expenditure for the whole of last year. On the trend, december 11 rift fell, after the period in the rectangular channel horizontal consolidation, the main averages are in reverse order is a weak, STC and 14 RSI did not see a clear rebound signal, can consider 4.4 yuan absorption, rebound resistance 5 yuan, do not fall through 4.25 yuan continued to hold.