【Haichuan Chemical Salary News】Hengli Petrochemical has just completed its acquisition, and Hengyi Petrochemical has also taken action!

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On the evening of March 2, Hengyi Petrochemical announced that it plans to acquire 100% of the shares in Jiaxing Yipeng held by Hengyi Group, 100% of the shares in Taicang Yifeng held by the same group, as well as 100% of the shares in Shuangtu New Materials held by Fulida Group and Xinghui Chemical Fiber Group, through the issuance of new shares. In addition, the company plans to raise supplementary funds. The aforementioned target companies are all primarily engaged in the production and sales of polyester fibers. The specific details of this transaction have not yet been finalized, and it will not result in any change in the company’s control structure. The company’s shares remain suspended from trading. With the development of diverse functional properties in polyester fibers, they have gradually gained recognition in the market. Under the supply-side reform policies, the supply and demand in the polyester fiber industry are developing in a healthy and positive manner. Industry experts say that since the fourth quarter of 2017, the downstream textile industry has seen rapid year-on-year growth, entering a period of rising demand. The domestic market is booming, and consumption of polyester products is increasing rapidly. All types of polyester products are seeing strong sales and production levels, while inventory levels remain low. E-commerce sales have risen, resulting in a large number of orders that have not yet been fulfilled, so there is still a need to cover the previous shortages in raw materials. Around the Spring Festival, there will be a peak in maintenance activities that lead to reduced production, resulting in generally tight supply in the market. In the first quarter of 2018, polyester will continue to enjoy a favorable supply and demand balance. The company states that it is currently engaged in the production and sales of PTA and polyester fibers, while also making efforts to expand its operations in the upstream petrochemical sector. The company owns or has stakes in PTA production facilities with a capacity of 13.5 million tons. Due to uneven development in the downstream polyester fiber industry, the company has adopted innovative business models and is using mergers and acquisitions to optimize its polyester fiber production capacity, thereby enhancing the competitiveness of its industrial chain. Against this background, Hengyi Petrochemical intends to improve the industrial structure and distribution of the listed company by acquiring certain high-quality polyester fiber assets, thereby enhancing the company’s core competitiveness and profitability. Industry experts say that the competitiveness of Hengyi Petrochemical’s polyester fibers lies mainly in the following aspects: first, by employing differentiated production methods to meet the diverse needs of the market, the degree of product differentiation reflects the company’s core competitiveness. II. The company focuses on optimizing its product structure, analyzing market supply and demand, and conducting cost accounting, in order to promote the transformation and upgrading of its polyester industry and enhance its competitive position within this sector. III. The company continues to advance intelligent production, data-driven management, and internet-based marketing, achieving significant results. By extracting big data from production processes, it continuously improves the quality of both equipment and products. The use of factory big data and internet marketing strategies helps to reduce production and operational costs, enables more accurate tracking of inventory and market conditions, and enhances the efficiency of services provided to end customers.