PTA Industry Chain Development To Enhance Comprehensive Competitiveness

The expansion of the industrial chain of listed companies can optimize the company's industrial structure, ensure stable supply of raw materials, further reduce the cost of main business, consolidate the competitive advantage of the company's products, and enhance the company's comprehensive strength and core competitiveness.

In addition to the importance of products, the "leading" enterprises also attach great importance to the extension of the industrial chain.

Such as the Jiaxing petrochemical project developed by Tong Kun group to PTA industry.

The first phase of Jiaxing petrochemical project is an annual output of 800 thousand tons PTA, and the two phase project is an annual output of 1 million 200 thousand tons PTA. The first phase project was completed and put into trial production at the end of 2012.

Jiaxing petrochemical project

So that Tong Kun has formed the production and sales pattern of "PTA polyester spinning and spinning", which not only enhanced the overall strength of the enterprise, but also because the raw material PTA of Tong Kun purchased from the wholly owned subsidiary of Jiaxing petrochemical company has short distance, low cost and stable supply, which has a stronger cost advantage compared with other polyester PTA filament enterprises.

Hengyi Petrochemical is also actively promoting the Sinopec aromatics project of Sinopec, a wholly owned subsidiary of Sinopec, Ningbo.

In January 2015, Rongsheng Petrochemical announced that the production scale of Sinopec's 900 thousand ton / year aromatics project will be expanded to 2 million tons / year.

The total investment of the project is 10 billion 570 million yuan. After the implementation of the project, the average annual net profit is expected to reach 1 billion 43 million yuan.

At present, the aromatics project production unit has been installed and entered the commissioning stage.

It shows that the technology adopted by the project is advanced and reliable, and the overall process and system configuration of the project is economical and feasible. It achieves the optimization of resource utilization, realizes the circular economy, reduces pollutant emissions, saves investment in project construction as much as possible, maximizes the cost of project products and improves the competitiveness of the project.

After the project is completed and put into operation, the product structure will be further optimized and upgraded.

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At the same time, Rongsheng petrochemical, Juhua Group and Tong Kun group plan to develop petrochemical industry in Zhoushan, Zhejiang, and continue to expand upstream refinery projects.

The first phase of the project is 15 million tons / year oil refining project, the two phase is 25 million tons / year oil refining project, and the corresponding chemical plant.

A total of 5 polyester polyester filament companies listed in 2015 annual report, only hengyifu Petrochemical revenue growth, Rongsheng petrochemical, Tong Kun group, Huaxi shares and Chunhui 4 companies have a certain decline in revenue, but the 5 companies have increased net profit.

Since 2016, polyester polyester industry is still facing some pressure and challenges.

In the face of increasingly severe market competition, polyester enterprises should speed up the upgrading of technology and equipment, strengthen research and development and other means to solve the cost pressure, develop the vision in the long run, put the functionality of the product into practice, and enhance the competitiveness of enterprises with strength and efforts.