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Cotton Is Stretched To Support &Nbsp, And Rongsheng Petrochemical Has Invested Nearly 1 Billion 300 Million In Chemical Fiber.

2010/11/25 10:34:00 86

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Rongsheng petrochemical

Limited by Share Ltd (002493.SZ, hereinafter referred to as "Rongsheng petrochemical") announced today that the company issued 56 million shares for the first time, issuing 53.80 yuan per share.

Compared with the original 949 million yuan raising fund utilization plan, we raised over 1 billion 950 million yuan.

For the use of over raised funds, 1 billion 291 million yuan will be invested.

Chemical fiber project

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According to the company's analysis, crude oil prices will oscillate upward, thus promoting the price of synthetic fiber raw materials, and the tight supply of cotton will also support the price of chemical fiber raw materials. On the other hand, the growth of demand will also have a pulling effect on the prices of chemical fiber products, so the price of chemical fiber products will be oscillating upward.

Rongsheng Petrochemical said it intends to use 796 million yuan for the annual production of Shengyuan chemical fiber 100 thousand tons of fine denier differential FDY yarn and 30 thousand tons of fine denier differential DTY wire technical pformation project; the use of 495 million yuan for Shengyuan chemical fiber annual output of 90 thousand tons of polyethylene terephthalate (PTT) new chemical fiber project.

The company will provide loans to the wholly owned subsidiary of Zhejiang Shengyuan Chemical Fiber Co., Ltd. (Shengjian "Shengyuan chemical fiber"). The above two projects will be implemented by Shengyuan chemical fiber company.

Rongsheng Petrochemical said 2010

Chemical fiber industry

The objective environment of operation is to "restore growth". Combined with the cyclical regularity of the thirty years of chemical fiber industry, China's chemical fiber industry will enter a new rising cycle in 2010 and even in the next few years.

At the same time, the output of chemical fiber will also increase steadily. It is estimated that output will be close to 30 million tons in 2010, and import volume and export volume will increase slightly.

The economic benefit and operation quality of chemical fiber industry will be improved.

The company's industry is PTA and polyester polyester industry, the company's main products are PTA, polyester chip and polyester drafting yarn (FDY), polyester preoriented yarn (POY), polyester and stretch yarn (DTY) three series, all kinds of polyester filament.