Northern Jiangsu Subsidiary Company: Ming Sheng And Expedition. Disperse Dye Capacity Will Continue To Expand.

The company has recently disclosed that two subsidiaries of the company are organizing the resumption of production according to the requirements.

Previously, the two companies had temporarily suspended production for more than 8 months due to investigation and remediation of environmental problems.

The announcement said recently that the people's Government of Guanyun County of Lianyungang has issued the notice of the county government on organizing the resumption of production of Jiangsu expedition chemical industry and other enterprises to the Guanyun Lingang Industrial Park. It confirmed that the Jiangsu expedition and Jiangsu Ming Sheng had already been accepted by the municipal and county level two, and approved by the municipal government to agree to resume production.

At present, the Jiangsu expedition and Jiangsu Ming Sheng are organizing the resumption of production according to the requirements of the resumption of production, conducting trial production and gradually resuming production.

At the same time, we will strictly enforce safety, environmental protection related laws and regulations and management standards, continue to do well in safety and environmental protection management, and ensure the smooth operation of enterprises.

In May 2018, the environmental problems of Ru stock company, including the Jiangsu expedition and Jiangsu Ming Sheng, were announced by three subsidiary companies, which were temporarily stopped production. Another subsidiary was Jiangsu and Li Lai.

At that time, due to the media coverage of environmental pollution problems in the chemical industry park of Lianyungang county and Guanyun County, the relevant government departments required all chemical enterprises in the park and the park to stop their production and investigation. The three subsidiaries of the Ru Tu share were temporarily discontinued according to the requirements, because they were all located in the Lingang Industrial Park of Guanyun county.

Statistics show that the Jiangsu expedition is mainly engaged in the production of dyestuff and chemical intermediates. Jiangsu Ming Sheng is mainly engaged in the production of HA and para ester intermediates. Jiangsu and Li are mainly engaged in the production of dyestuff and chemical intermediates.

The net profit of the three subsidiary companies belonging to the parent company's consolidated statements in 2017 accounted for about 12.56% of the company's net profit in 2017.

At that time, the company said that the temporary shutdown would have a certain impact on its current benefits, but would not have a greater impact on the overall efficiency of the company.

At the same time, the company makes full use of the advantages of the existing multi regional production bases, and takes effective measures to meet the market demand.

At present, the production and operation of the company and its subsidiaries are normal.

In addition, at that time, because of the investigation and rectification of environmental problems and the closure of the shares, the company's flag sub (sub) company.

According to the announcement of arbon shares, the company's subsidiary (sub) Company in the Lianyungang heap ditch town chemical industrial park has been completely shut down. The company involved in the shutdown is Jiangsu Dyon dye Limited by Share Ltd, Lianyungang branch, Jiangsu Hua Er Chemical Co., Ltd., Lianyungang Asia bond heating Co., Ltd., Lianyungang Asia bond Acid Co., Jiangsu dbbo Chemical Co., Ltd., Jiangsu Jimai Chemical Co., Ltd., Jiangsu Heng Long crop protection Co., Ltd., Lianyungang City gold hoarding agro Chemical Co., Ltd.

Until October 12, 2018, the group confirmed that 3 companies (sub branches), including walnut chemical, Lianyungang, Asia and Indonesia, resumed production in the south of the north of Jiangsu Province. The three companies accounted for 62.97% of the company's operating income in 2017 and 96.44% of net profit.

However, it is still difficult for the company to fully resume its normal operating rate.

In addition, Jiangsu Wuzhong announced in January 1st this year that Xiangshui Hengli, a wholly owned subsidiary of the company, received the notification from the Xiang Shui county government and agreed to resume production of its organization. Hengli, Xiangshui, has gradually resumed production since December 29, 2018.

Prior to this, Xiangshui Hengli Da also temporarily stopped production in May 2018 due to investigation and remediation of environmental problems in Northern Jiangsu Province.