The Quartet Intends To Invest 200 Million Yuan To Build A Joint Venture, With An Annual Output Of 20 Thousand Tons.

In August 22nd, Shenma shares announced that the company and Heng Shen Holding Group Co., Ltd., Pingdingshan Dongxin Coking Co., Ltd. and Pingdingshan nylon City Construction Investment Co., Ltd. set forth a cash contribution of 200 million yuan, and set up a joint venture Henan Shenma printing and dyeing Co., Ltd. (the name of which is approved by the industrial and commercial registration authority, hereinafter referred to as "Shenma dye printing"), to build an annual output of 20 thousand tons of dyeing and printing projects.


The announcement shows that Shenma dyeing and printing is located in the Pingdingshan nylon new material industry cluster area, with a registered capital of 200 million yuan, of which the company intends to invest 70 million yuan, accounting for 35% of the registered capital.


According to the announcement, the annual output of 20 thousand tons of printing and dyeing projects is constructed by Shenma dyeing and printing project, with a total investment of 615 million yuan (including full liquidity), including 470 million yuan in construction investment, 20 million 204 thousand yuan in construction period and 125 million yuan in working capital. The construction period of the project is 2 years, and the normal sales will reach 1 billion 34 million yuan in sales revenue.


Shenma shares said that through cooperation in the construction of an annual output of 20 thousand tons of printing and dyeing projects, the company actively involved in the printing and dyeing industry, promoted the adjustment of industrial structure, enriched the product categories, and gradually built a nylon chip - spinning - weaving - printing and dyeing of the whole industry chain, and further consolidate the company's dominance in the nylon industry, is of great significance.


Shenma industrial Limited by Share Ltd is China's Pingdingshan Shenma Group as the controlling shareholder, chemical and chemical fiber as the main business of the super enterprise, is the China Ping Coal Shenma Group nylon plate management platform. Shenma shares across the two major industries of chemical industry and chemical fiber in the industrial structure, forming a new industry pattern based on nylon 66 salt and nylon 66 salt intermediate products, engineering plastics, industrial yarn (cord fabric), BCF carpet yarn, air bag silk and other leading products. Source: release easy