October 30, Shijiazhuang stone Fertilizer Co., Ltd. (hereinafter referred to as stone Company) and the Hubei Chu Xing Chemical Co., Ltd. joint venture to achieve "marriage." At this point stone company's already has nine subsidiaries, with a total production capacity of break 2 million tons of ammonia.
     Stone's provinces, "marriage"
     At present, the coal chemical industry highly competitive market, in order to learn more chemical fertilizer industry, the country's "right to speak", since October 18 to 30, stone company has Longyuan Chemical Co., Ltd. and Anhui, Hunan anxiang Golden Earth Chemical Co., Ltd. Hebei Jizhou City Yinhai Fertilizer Co., Ltd., Hubei Chu Xing Chemical Co., four joint venture enterprises in these four companies all have 51% of the votes. As of now, stone company already has nine subsidiaries, on the production capacity for the coal chemical industry in Hebei is already in the main enterprise.
     Hand enterprises have a huge market
     It is understood that, in addition to fertilizer Jizhou Yinhai total annual capacity of 250,000 tons of ammonia, the remaining capacity of the three companies are currently 5-10 million tons / year. The four chemical companies have unique advantages in resources and location advantages, both located in the major grain and cotton producing areas of China has a vast market; from the enterprise perspective of sustainable development momentum, particularly in the financial crisis, the decline in the fertilizer industry market , the product prices had depressed the adverse circumstances, this fine several enterprises on their own management "great care" and the product structure advantages, did not hit stop production cut, but remained stable operation in an orderly manner and maintain a good business performance and profitability, the three main raw material consumption (raw coal, coal, integrated power consumption) indicators in the same industry advanced level.
     Meanwhile, the four businesses in recent years have been put into capital, making energy-saving emission reduction, safety and environmental protection technological transformation, while a planned expansion of production capacity, increase market coverage, increase profitability.
     Striving to be the leading peer-Hebei
     Stone company's predecessor is the former Shijiazhuang Chemical Fertilizer Plant, in September 2004 restructuring and reorganizing, Shanxi Jincheng Coal Industry Group's holding company. In recent years, stone company relies on a powerful resource advantages Shanxi Coal and coal chemical industry development strategy, and vigorously promote energy-saving technological transformation, the bigger and stronger on the basis of this Part, the external, expanding production capacity to continuously achieve industrial upgrading, from 2007 onwards with the provincial related to chemical fertilizer hand inside and outside marriage. In 2004 the company's total annual production of ammonia less than 20 million tons, has now grown to 2 million tons.
     Joint venture and cooperation, Bao Tuan heating, complementary advantages, mutual benefit and win-win situation, in line proposed by the state to large-scale backbone enterprise as a leader, to promote cross-regional strategies for mergers and acquisitions policy guidance, stone company and four fertilizer joint venture companies to follow the reality of the current economic situation initiatives, make full use of their brand, market, products, strengths and resources, optimizing the allocation of resources, extend the industrial chain, which is bound to further promote the stone company's market extension, enhance the company's overall size and profitability has played an active role. For the company's future development, the responsible person, they want to strive Hebei industry's "leading."
     Meanwhile, the stone company in Shijiazhuang Chemical recycling economy demonstration base annual 600,000 tons of synthetic ammonia projects and the new park industrial zone in Shijiazhuang produce 300,000 tons of synthetic ammonia and off-site construction of the relocation of the building reconstruction project is also being stepped up, 2010 will gradually put into operation in phases to achieve. (Cheng Ya-Cong)