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Xinjiang Yuxiang Populus euphratica Chemicals had a strong start in the first quarter

2022-05-11View Original

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Xinjiang Yuxiang Populus Euphratica Chemical achieved a strong start in the first quarter. Author/Source: Zhongtai Zero Distance. Date: 2022-05-11. Clicks: 15. Xinjiang Investment and Development (Group) Co., Ltd. adheres to an integrated industrial chain as its core strategy, taking advantage of Xinjiang’s resources and energy supplies such as coal, limestone, and electricity, as well as its cost advantages, to establish a leading position in domestic BDO (1,4-butanediol) production. In the first quarter, the company achieved operating revenue of 8.426 billion yuan, with a total profit of 684 million yuan; the total profit continued to grow at a rapid pace. The chemical and new materials enterprises involved are making continuous efforts focused on product development and technological innovation; 25 new product and technology projects, along with 16 key technical renovation projects, are being advanced effectively in accordance with the planned schedule. In the first quarter, Xinjiang Yuxiang Populus Euphratica Chemical Co., Ltd., which is part of Xinjiang Agriculture and Animal Husbandry Investment Group, increased its investment in research and development related to compound fertilizer products as well as in the upgrading of production equipment, thereby accelerating progress in improving quality and efficiency. A total of 121,300 tons of urea were produced, with 89,600 tons sold ; 58,200 tons of compound fertilizer were produced, with 46,600 tons sold, ensuring an adequate supply of fertilizer for spring plowing and achieving strong performance in both production and sales.

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