On the evening of March 9, Qixiang Tengda issued an announcement stating that in order to further consolidate the company’s leading position in the maleic anhydride industry, meet the growing market demand for maleic anhydride products, and enhance the company’s competitiveness and voice in the same industry, the company plans to Invest 1.35 billion yuan, and continue to invest in the construction of 200,000 tons/year maleic anhydride project.
The announcement shows that the 200,000 tons/year maleic anhydride project invested and expanded by the company is an expansion based on the original 200,000 tons/year maleic anhydride plant, with mature production technology and rich production experience. After the completion of the project expansion, the company's maleic anhydride production capacity will reach 400,000 tons/year, which will help further consolidate the company's leading position in the maleic anhydride industry, enhance the company's profitability and anti-risk capabilities, and enhance the company's comprehensive competitiveness.
The investment amount of the project does not exceed 1.35 billion yuan. Among them, the construction investment is 1.278 billion yuan, and the initial working capital is 34,201,300 yuan, all of which will be solved by the company's self-financing. The project is expected to have a construction period of 18 months. After the project is completed and put into operation, the overall design capacity of the company's maleic anhydride plant will reach 400,000 tons/year.
It is understood that after the company’s 100,000-ton/year maleic anhydride project was completed and put into production in November 2013, the maleic anhydride plant was expanded in 2015 and 2017. Up to now, the production capacity has reached 200,000 tons/year, which is the world's production capacity. The largest maleic anhydride device. Since the device was put into production, it has been running stably and profitable.
Source: Mobile Public Account
