Luxi Chemical’s Second Fertilizer Plant Ceases Operations and Moves Away
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http://www.anchunjishu.com/index.asp On September 6, 2016, Luxi Chemical issued a statement stating that, in line with the overall progress of the project to move industries out of cities and into industrial parks, the company planned to shut down and relocate its wholly-owned subsidiary, Shandong Liaocheng Luxi Chemical Second Fertilizer Co., Ltd. The Second Fertilizer Company is located at No. 96 Ejiao Street, Dong’e County, covering an area of 340,000 square meters and is designated as industrial land. The main product of the Second Fertilizer Company is urea, which is produced using the traditional aqueous solution full-circulation process; as a result, its cost advantage is limited. Moreover, the current price of urea is around 1,100 yuan per ton, representing the lowest level in 5 years. Therefore, with this shutdown and relocation, the plant’s production capacity of 500,000 tons of urea will also be eliminated. Luxi Chemical’s First and Fourth Fertilizer Companies ceased operations and were relocated on April 1, 2016.
Given the relocation, the excess urea production capacity should be phased out, but companies should focus more on adjusting their product portfolio and undergoing transformation; water-soluble fertilizers enjoy a relatively good market compared to other types of fertilizers
Well, Luci is a great company; its leadership has great determination and they act in a decisive manner! @It may not be the best in the industry, but its growth momentum, scope of coverage, and design capabilities definitely make it the most promising! ! :victory::victory::victory: Fertilizer companies are really strong in Shandong! ! !