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Longyu Coal Chemical and Henan Ruibai New Materials signed a contract successfully. Author/Source: Yongcheng Industrial Park. Date: 2020-09-21. Clicks: 24. On September 21, Longyu Coal Chemical Company and Henan Ruibai New Materials Co., Ltd. signed a framework cooperation agreement in the meeting room on the second floor of the control room. The successful signing of a contract between Longyu Coal Chemical and Henan Ruibai New Materials Co., Ltd. represents a major milestone in the company’s development. It marks another important step forward for Longyu Coal Chemical toward specializing in fine chemicals. The company offers a wide range of products, which ensures bright prospects for its future growth, as it works to expand and strengthen the downstream industrial chain related to acetic acid. It is reported that after signing a cooperation agreement with Henan Ruibai New Materials Co., Ltd., the Yongcheng industrial park will be able to further optimize the existing product structure of Longyu Coal Chemicals, thereby enhancing the company’s ability to withstand market risks ； It can increase the sales of basic chemical raw materials such as acetic acid and methanol, thereby reducing the costs associated with product sales ； It can further improve the utilization rate of surplus steam, water, and other resources at Longyu Coal Chemical, converting excess production capacity into actual revenue.