HengliPetrochemical(600346)announcedontheeveningofJune24thatthecompanyhasinvestedmorethan24.2billionyuaninbuildingfunctionalpolyesterfilmswithanannualoutputof800,000tons.Plasticprojects,withanannualoutputof450,000tonsofPBSbiodegradableplasticsprojects,1.5milliontons/yeargreenmulti-functionalnewtextilematerialprojectsandnewmaterialsupportingchemicalprojects,tofurtherexpandthedownstreamnewmaterialindustry.
Specifically,JiangsuKanghuiNewMaterialsTechnologyCo.,Ltd.,asubsidiaryofHengliPetrochemical,planstoinvest11.125billionyuantobuildafunctionalpolyesterfilmandfunctionalplasticprojectwithanannualoutputof800,000tons..HengliPetrochemicalsaidthattherapiddevelopmentofdownstreamindustriessuchaspackaging,electronics,andautomobileshaspromotedtherapidgrowthofmarketdemandfornewmaterialssuchasengineeringplasticsandpolyesterfilms.Thisprojectwillhelpthecompanyadapttomarketdevelopmenttrendsandmeetcustomerneedsformid-tohigh-endpolyesterfilmsandfunctionalplastics.Itisreportedthattheprojectplanstointroduceadvancedforeignproductionequipment,makefulluseoftheadvantagesoffunctionalproductionlinesandtheentireindustrialchain,andproducedifferentiatedandhighvalue-addedproductsthatareinshortsupplyinthecountry.Aftertheprojectiscompleted,itcaneffectivelyexpandthecompany’sproductioncapacityandmarketshareinthepolyesternewmaterialssector.Aftertheprojectreachesproductionandachievesresults,itisexpectedtoachieveanaverageannualtotalsalesrevenueofapproximately14.505billionyuanandanaverageannualtotalprofitofapproximately2.906billionyuan.
KanghuiDalianNewMaterialsTechnologyCo.,Ltd.,asubsidiaryofHengliPetrochemical,planstoinvest1.798billionyuantobuildaPBSbiodegradableplasticprojectwithanannualoutputof450,000tons.HengliPetrochemicalstatedthatthePBSbiodegradableplasticprojectisinlinewithnationalindustrialpolicies.Theproducthasgoodmarketprospectsandiscurrentlyrecognizedasafullybiodegradablematerialwiththebestcomprehensiveperformanceintheworld.Itisoneofthemostwidelyusedvarietiesofbiodegradableplastics.Withtheintroductionofinternationalanddomesticenvironmentalprotectionpoliciessuchas”plasticrestriction” and “plastic ban”, the actual demand for PBS biodegradable plastics at home and abroad will grow by leaps and bounds in the future, with broad prospects. The project can effectively expand the production capacity and scale of the company’s degradable new materials sector and increase the market share of degradable plastics. After the project reaches production and achieves results, it is expected to achieve annual sales revenue of 10.058 billion yuan and an average annual total profit of 2.016 billion yuan.
Jiangsu Xuanda Polymer Materials Co., Ltd., a subsidiary of Hengli Petrochemical, plans to invest 9 billion yuan to build a 1.5 million tons/year green multi-functional new textile material project. Hengli Petrochemical stated that this project will help further expand the scale advantage of production capacity, increase the added value of products, and drive the development of chemical fiber apparel, home textiles and industrial products in the direction of fashion, functionality, and high-end, further enhancing the entire polyester chemical fiber industry chain Comprehensive competitive strength and continuous improvement of the company’s market pricing power. After the project reaches production and achieves results, it is expected to achieve an average annual sales revenue of approximately 18.619 billion yuan and an average annual total profit of approximately 1.3 billion yuan.
In addition, Hengli Petrochemical (Dalian) Chemical Co., Ltd., a subsidiary of Hengli Petrochemical, plans to invest 2.311 billion yuan in the construction of new material supporting chemical projects. This project will make full use of the existing refining and chemical products of Hengli Petrochemical (Dalian) Industrial Park, provide good support for subsequent industrial extension, and further increase product value and project income. Hengli Petrochemical stated that the project has advantages in technology, scale, process route, policy support, etc. The high-quality chemical products produced can meet the needs of the downstream industry chain and market, providing opportunities for improving the competitiveness of the project and subsequent industrial extension within the base. Very good support. It is worth noting that the project’s public works and supporting facilities share resources and integrate management with the refining and chemical projects and ethylene projects to achieve unified configuration of devices and materials, and centralize water supply, power supply, gas supply, and heat and power to help reduce land use and save energy. resources, reduce operating costs and improve economic efficiency. After the project reaches production and achieves results, it is expected to achieve an average annual sales revenue of approximately 3.518 billion yuan and an average annual total profit of approximately 1.261 billion yuan.
It is worth mentioning that Hengli Petrochemical has established a complete upstream and downstream industrial chain through a series of large projects in recent years, forming a “crude oil-aromatics, olefins-PTA, The world-class integrated collaborative development model of the entire industrial chain of ethylene glycol-polyester-civilian yarn, industrial yarn, polyester film, and engineering plastics has built strong market competitiveness and successfully crossed the “100 billion revenue, profit “Ten billion” threshold, comprehensive competitiveness has been significantly improved.
Fan Hongwei, chairman of Hengli Petrochemical, previously said in an exclusive interview with reporters that under the large whole industry chain operation framework, how to continue to maintain a strong competitive advantage and explore more new The profit point is a key issue for the company to consider. The company believes that after the industrial chain becomes longer, what we need to do is to give full play to the advantages of the upstream industrial chain, continue to broaden and deepen the industrial chain around downstream products, seek more breakthrough points, establish new competitive advantages, and continuously consolidate and expand the overall industry chain. The new integrated operation model of the industrial chain achieves optimal allocation and full utilization of resources and continues to enhance the company’s core competitiveness. </p
