【Haichuan Chemical Salary News】Yangnong Chemical: Plans to invest 2.33 billion yuan in a series of pesticide projects
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Yangnong Chemicals: Plans to invest 2.33 billion yuan in a series of pesticide projects. According to a report from Securities Times e-Company, Yangnong Chemicals (600486) announced on the evening of April 27 that its wholly-owned subsidiary, Youjia Company, intends to invest in a number of major projects, including those for producing 8,510 tons per year of insecticides, 6,000 tons per year of herbicides, 6,000 tons per year of fungicides, and 500 tons per year of adjuvants. The total investment for these projects is 2.33 billion yuan, with a construction period of two years. Once the project is completed and put into operation, it is expected to generate annual operating revenue of 3.045 billion yuan, with a total investment return rate of 23.8%.
On December 20, the Baotawan plant of Yangnong Chemical will officially cease operations and be relocated. It is reported that after the relocation, the “headquarters economy” of Yangnong Chemical Group will remain in Yangzhou. Once the existing production facilities are phased out, the headquarters will serve as their management hub, marketing center, financial center, and research and design center. In addition, the production facility will be relocated to the Xuwei New Area in Lianyungang, with the total investment for the first phase of the new plant amounting to around 4 billion yuan. On December 12, ahead of the relocation, Xie Zhengyi, Secretary of the Yangzhou Municipal Party Committee, conducted a special inspection of the plant’s shutdown and relocation process. He emphasized that the relocation of Yangnong Chemical is a milestone event in Yangzhou’s journey toward safe urban development. It is necessary to approach this task with a strong sense of responsibility towards the city and its residents, and to carry out all the preparations for shutting down operations and relocating in an orderly and thorough manner, so as to ensure everything is taken care of properly and the relocation is carried out safely. Xie Zhengyi highly recognized the significant contributions that Yangzhou Agrochemicals has made to the economic and social development of Yangzhou over the years. He pointed out that entering a new era and clarifying the goals and tasks for production-oriented enterprises to leave the city is an important manifestation of a high degree of responsibility toward this city and the people living in Yangzhou. Since the reform and opening up, as the level of urbanization has continued to rise, Yangnong Chemicals has gradually shifted from being located on the outskirts of the city to occupying a central position within the urban area. As an old state-owned enterprise in Yangzhou located in the core area of the city, as well as a modern central-state-owned enterprise, Yangzhou Agrochemicals firmly implements the new concepts regarding safe development. It complies fully with the directives set by the municipal Party committee and government. Starting in 2003, it took the initiative to move away from the banks of the Grand Canal and out of the main urban area, demonstrating its commitment to society, to the safe development of the city, and to compliance with the overall interests of the entire city. Xie Zhengyi emphasized that the relocation of the Yangnong Chemical Baotawan plant site is a milestone in Yangzhou’s efforts to promote safe urban development, laying the strongest foundation for the city’s inherent safety.
Public information shows that Jiangsu Yangnong Chemical Group Co., Ltd. is a large-scale pesticide and chemical enterprise that produces pesticides, chlor-alkali products, and fine chemical products. Its predecessor was Yangzhou Pesticide Factory, a state-owned enterprise under Yangzhou City that was established on April 29, 1958; it has thus far had a history of development spanning over 60 years. Yangnong Chemical Group has four production bases in Yangzhou, Nantong, Lianyungang, and Zhongwei, Ningxia. In 2017, sales revenue exceeded 10 billion yuan for the first time. In December 2011, Yangzhou **, Sinochem International – the first listed company under Sinochem Group – and Yangzhou Agrochemical Group signed a tripartite strategic cooperation agreement as well as a project cooperation agreement. In February 2012, Sinochem International issued a announcement stating that it intended to invest up to 1.634 billion yuan to acquire 61.66 million shares of Yangnong Chemical Group through acquisitions and capital increases, at a price of no more than 26.5 yuan per share. According to the Sinochem Group’s official website, in March 2012, Sinochem International increased its stake in Yangnong Chemical Group from 5% to 40.53%, becoming the group’s second-largest shareholder. According to the Sinochem Group’s official website, on September 29, 2013, Sinochem Group acquired a 0.06% stake in Yangnong Group from Jiangsu Jinmao Chemical and Pharmaceutical Group Co., Ltd., through a gratuitous transfer. Thus, Sinochem Group holds 40.59% of the shares in Yangnong Chemical Group, either directly or indirectly, and has become the actual controller of the company. Source: Yangzhou Release
Lianyungang is in trouble again; I hope that environmental protection measures will be implemented alongside the construction of the factory.
It can’t be simply called a scourge; environmental standards are certainly very strict
Yangnong used to cause severe pollution in the Hanjiang area.
【Haichuan Chemical Salary Updates】Adopting a roadmap-based approach and a task-verification system to ensure that the relocation and renovation tasks for hazardous chemicals enterprises in Jiangsu are completed on schedule. https://bbs.hcbbs.com/thread-2955948-1-1.html (Source: Huahai Chuanliu – Haichuan Chemical Industry Forum Website)
Is the matter of the Nanhua Group’s complete relocation to Lianyungang, which has been discussed for many years, part of the projects that follow a \"task-based planning and progress-tracking\" approach?
Take Tianjin as an example: two aging factories were relocated there at once (Tianjin Dagu Chemical and Tianjin Botian Chemical).
That might not be a problem specific to Jiangsu Province; Jinling is turning into a chemical industry city, becoming a city surrounded by chemical facilities. There are conflicts among the provincial authorities, the municipal authorities, Sinopec, CNPC, and various other parties involved