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Yantai Spandex: Advantages Of Successful Trial Production

2011/6/10 13:47:00 34

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Advantages Of Trial Production Of Spandex In Yantai

Yantai

spandex

It is the first spandex production enterprise in China, and it is also the largest and the highest technology level aramid enterprise in China.

At present, spandex production capacity of 30 thousand tons; at the same time, the company also has 5000 tons of aramid production capacity, 3000 tons of expansion projects are expected to be completed by the middle of next year.

In May 30th, the company announced, "an annual output of 1000 tons of para aramid fiber.

industry

"The project" has been put into trial run in the near future, and it is realized through the whole line.

It is understood that at present, a total of four enterprises in the world have realized the industrialization of para aramid. The successful trial production means that the company has become the first enterprise to realize the industrialization of para aramid in China.

From the company's main business, spandex and aramid business both present a good trend.

Spandex is still the main product of the company. Spandex business accounted for more than 70% of the company's main revenue in recent two years.

In 2011, domestic spandex production capacity reached 100 thousand tons, and the industry overcapacity increased further.

At present, due to the impact of downstream textile enterprises, the demand growth rate of Spandex Products has been inhibited, and the price of spandex has been declining. Meanwhile, the cost of raw materials has remained high due to the impact of rising crude oil prices.

Especially in the last quarter, the spandex market has experienced a process of profit - saving - small losses - the slack of confidence.

Many people in the industry believe that the "cold wave" of spandex has arrived unexpectedly, even stronger than the financial crisis of 2008.

As another main product of the company, aramid has become another bright spot, and its revenue increased 44.86% in 2010.

It is understood that the aramid fiber is high performance.

fibre

One of the most excellent varieties with the highest neutral barrier and high technical barriers has high strength, high modulus and excellent heat resistance. At the same time, it also has the appropriate toughness for textile processing. Most of them are used as lightweight, heat-resistant textile structural materials or composite structure reinforcement materials, including cosmological exploration, aerospace, defense and military industry, electronic communications, civil construction and other fields.

At present, domestic demand for aramid fiber is about 4000 tons, which is basically monopolized by DuPont and Japanese Tek company.

The company's original 100 tons pilot production line has a good response from downstream customers, and the market price and product quality are very small compared with imported brands.

The successful commissioning of the 1000 tonnes industrialization project will break the monopoly position of DuPont and Japanese Teijin in this product. The market share will expand rapidly and the company's profits will also be enhanced (the aramid fiber gross profit rate is much higher than that of the aramid 35% and the spandex 30%).

The company said it will continuously improve its technology according to market needs and strive to achieve economic benefits at an early date.

With the expansion of the aramid fiber business capacity, and the 3000 ton / year aramid technical pformation project is expected to be completed and put into operation in April 2012, the above projects will be the main performance growth point of the company in the future.

The 2011 quarterly report released in June 1st showed that the company achieved operating income of 414 million yuan, up 20.8% over the same period last year, and realized operating profit of 87 million yuan, an increase of 6.6% over the same period last year. The net profit of shareholders attributable to the listed company was 68 million yuan, an increase of 7.8% over the previous year, 0.26 yuan per share, and 6.81 yuan of net assets per share.

Among the top ten shareholders of unlimited sale, except for 1 natural persons, the other 9 are controlled by funds and social security institutions. It is obvious that institutional investors are optimistic about their growth.

The company is still at full load in recent years, and the industry maintains at around 80% of the start-up rate. The company's prospects are worth looking forward to.