Recently, the person in charge of Jiangsu Jiangsu Suonong Agricultural Materials Chain Co., Ltd., the largest agricultural supplier in Jiangsu Province, came to Jiangsu Hengsheng Chemical Fertilizer Co., Ltd., the largest fertilizer manufacturer in Jiangsu Province. It seeks to develop jointly with stocks, and is expected to share 35% of the shares. Together with Shanxi Coal Group, the largest anthracite coal producer in Shanxi Province, the three parties jointly created the largest fertilizer production base in Jiangsu.
Hengsheng Fertilizer Co., Ltd., which is located in the northern Jiangsu commercial grain production area, has a good location advantage and credibility. In the first half of 2004, the company's 300,000-ton urea technical transformation project entered the stage of fierce struggle. As the banks promised loans could not be put in place, the construction fund gap was large, and liquidity was almost occupied, which seriously endangered the normal operation of the company. At this time, Shanxi Jincheng Anthracite Mining Group extended its industrial chain and sought strategic partners nationwide. Hengsheng Fertilizer Co., Ltd. was listed as the first choice for cooperation. On May 30 last year, Shanxi Jinmei Coal Group made a one-time contribution of 81.105 million yuan, which accounted for 35% of the company's total share capital, and became the largest shareholder. The equity structure of the company was further optimized and the registered capital increased to 150 million yuan. The addition of Jinmei Coal Group has provided strong support for the urea project, which laid the foundation for the project's timely completion, production, and early-stage benefits. It is even more important that the raw coal of Hengsheng Chemical Fertilizer Company is guaranteed. The Jinmei Coal Group guarantees an annual supply of 500,000 tons of anthracite coal, while the plant price is lower than that of the neighboring nitrogen fertilizer enterprises by 150 yuan/ton.
The addition of Shanxi Coal has brought development opportunities to Hengsheng. In 2004, urea production doubled from 150 thousand tons to 300,000 tons, and assets jumped from 300 million yuan to 800 million yuan. At the end of last year, Hengsheng Company purchased the Zhangzhou Chemical Fertilizer Plant with an interval of 20 kilometers and invested more than 10 million yuan to repair the product. After the second month, Hengsheng Company realized profits. This year they plan to expand the plant's 100,000 tons of ammonium bicarbonate to 400,000 tons. This 400,000 tons of production is exactly the sales of the Jiangsu Agricultural Company's sales network in Jiangsu. At the same time, Hengsheng’s location advantage and the demand for localization and stabilization of product procurement make Suonong the first object to come to negotiate cooperation. .
At present, Hengsheng Company is implementing an annual output of 300 million tons of synthetic ammonia for filling 400,000 tons this year, cogeneration, 300,000 tons of sulfuric acid technical upgrading project, the company chairman Xue Dongsheng excitedly told reporters that they will focus on coal Do a good job of chemical fertilizer articles. This year, the assets will be doubled on the basis of last year. By the end of next year, phosphorus and compound fertilizer will be expanded from the annual production capacity of 200,000 tons to 400,000 to 500,000 tons, and the coal consumption will be broken to 100 in two years or so. Million tons, with more partners to build the largest fertilizer production base in Jiangsu.
Hengsheng Fertilizer Co., Ltd., which is located in the northern Jiangsu commercial grain production area, has a good location advantage and credibility. In the first half of 2004, the company's 300,000-ton urea technical transformation project entered the stage of fierce struggle. As the banks promised loans could not be put in place, the construction fund gap was large, and liquidity was almost occupied, which seriously endangered the normal operation of the company. At this time, Shanxi Jincheng Anthracite Mining Group extended its industrial chain and sought strategic partners nationwide. Hengsheng Fertilizer Co., Ltd. was listed as the first choice for cooperation. On May 30 last year, Shanxi Jinmei Coal Group made a one-time contribution of 81.105 million yuan, which accounted for 35% of the company's total share capital, and became the largest shareholder. The equity structure of the company was further optimized and the registered capital increased to 150 million yuan. The addition of Jinmei Coal Group has provided strong support for the urea project, which laid the foundation for the project's timely completion, production, and early-stage benefits. It is even more important that the raw coal of Hengsheng Chemical Fertilizer Company is guaranteed. The Jinmei Coal Group guarantees an annual supply of 500,000 tons of anthracite coal, while the plant price is lower than that of the neighboring nitrogen fertilizer enterprises by 150 yuan/ton.
The addition of Shanxi Coal has brought development opportunities to Hengsheng. In 2004, urea production doubled from 150 thousand tons to 300,000 tons, and assets jumped from 300 million yuan to 800 million yuan. At the end of last year, Hengsheng Company purchased the Zhangzhou Chemical Fertilizer Plant with an interval of 20 kilometers and invested more than 10 million yuan to repair the product. After the second month, Hengsheng Company realized profits. This year they plan to expand the plant's 100,000 tons of ammonium bicarbonate to 400,000 tons. This 400,000 tons of production is exactly the sales of the Jiangsu Agricultural Company's sales network in Jiangsu. At the same time, Hengsheng’s location advantage and the demand for localization and stabilization of product procurement make Suonong the first object to come to negotiate cooperation. .
At present, Hengsheng Company is implementing an annual output of 300 million tons of synthetic ammonia for filling 400,000 tons this year, cogeneration, 300,000 tons of sulfuric acid technical upgrading project, the company chairman Xue Dongsheng excitedly told reporters that they will focus on coal Do a good job of chemical fertilizer articles. This year, the assets will be doubled on the basis of last year. By the end of next year, phosphorus and compound fertilizer will be expanded from the annual production capacity of 200,000 tons to 400,000 to 500,000 tons, and the coal consumption will be broken to 100 in two years or so. Million tons, with more partners to build the largest fertilizer production base in Jiangsu.
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