Sinopec has invested 4 billion yuan to integrate

On May 23, Chen Tonghai, chairman and CEO of Sinopec, announced in Nanjing: “Nanjing Chemical Industry Co., Ltd.” (commonly known as “Danan Huan”) and “Nanjing Chemical Factory” (commonly known as “Nanjing Chemical Factory”), two old companies subordinate to Sinopec Group Company. Xiaonanhua ") to achieve cross-Jiangxi hand in hand, reorganization and merger into a new "Nanjing Chemical Industry Co., Ltd.".

According to industry insiders, chemical companies are large-scale and profit-oriented enterprises. Xiaonanhua is small in scale, and Da Nanghua has suffered losses for a long time. It is an urgent desire of Sinopec to become bigger and stronger with consolidation. The Sinopec Group Company's resource optimization and organizational structure adjustment in Nanjing is an important strategic move.

4 billion yuan for dowry

It is understood that this time the size of the South merger, the overall removal of the original plant area Xiao Xiaohua, equipment, assets, personnel integrated into the large South, and the construction of a number of new projects.

Sinopec Group will invest 4 billion yuan for this merger and follow-up related project construction, the amount of which is equal to the size of Da Nang’s overall assets. It can be seen that Sinopec Group has high hopes for this merger.

Chen Tonghai, chairman and CEO of Sinopec, stated that the size of Nanfang is a strategic restructuring that must be promoted and is the key to the integration of Sinopec's Nanjing Chemical Base's resources and industrial chain. It is related to the development of the next five to 15 years.

According to reports, Sinopec began brewing this restructuring five years ago, and emphasized the significance of the merger on several occasions.

According to the goals set by the Sinopec Group, after the consolidation of the size of the South, the name of Nanjing Chemical Industry Co., Ltd. is used. According to the overall plan of the Sinopec Group, the merger will be completed in one step. After the construction, the production will not be disordered and the market will not lose. To maintain the principle of stability, adopting a merger method to reorganize Nanjing Chemical Industry Co., Ltd. and Nanjing Chemical Plant.

The merger is strategic

It is understood that as one of the largest chemical companies in China, Sinopec has strong capabilities in the Yangtze River Delta region in areas such as oil refining, ethylene, chemical fiber and other bulk chemical products. In Nanjing, a group of large chemical companies such as Yangzi Petrochemical, Jinling Petrochemical, Yizheng Chemical Fiber, and Zhenhai Refinery are located in Nanjing, followed by Shanghai Petrochemical, Jinshan Petrochemical, Gaoqiao Petrochemical, and Shanghai Secco. The entire Yangtze River Delta is the future of Sinopec. Develop the most important strategic area. Due to the adequacy of water resources along the Yangtze River and the ease of logistics, the area along the river bank in Nanjing has a natural advantage in the development of chemical industry.

“The combination of large and small size southern China will undoubtedly reflect Sinopec’s long-term vision for development.” Analysts believe that “this move is Sinopec’s occupation of the downstream market for the chemical industry chain with great potential for future development, while leveraging convenience logistics, low-cost upstream acceptance of Yangzi Petrochemical and other upstream The chemical raw materials of enterprises are a strategic step towards the optimal integration of resources in Nanjing."

An analyst said that the consolidation of the size of the South is not only a strategic move of Sinopec, but also a strategic move in Nanjing's development plan.

The source pointed out that as one of the “four big families” of large plants (Nanjing, Yangzi Petrochemical, Dananhua, and Huaneng Nanjing Power Plant), Da Nanghua has a geographical advantage—it is close to the Yangtze River and has deep-draining piers. Many highways and railways pass through large factories, so the convenience of product entry and exit and low logistics costs are the gold treasures of the development industry.

Xiaonanhua is located on the bank of Yanziji and is a famous tourist attraction in Nanjing. According to Nanjing's development plan, Nanjing plans to move all chemical companies located in the urban areas south of the Yangtze River to Jiangbei.

News Attachment: Muyan Scenic Area Planning

As one of the four natural green screens in the north of Nanjing City and one of the four major scenic spots in the main city, the master plan of the curtain (Yuefu Mountain) Yan (Yanzijing) Scenic Area was submitted to the International Collection Program.

Muyan Scenic Area starts from Shangyuan Gate in the west, goes to Yanzi Temple in the east, and faces the Yangtze River in the north. It is an important part of the main city green space system in Nanjing. It has a number of provincial and municipal cultural relics attractions such as Tao Xingzhi’s Tomb, Yanzi Temple, and Touhou Cave. There are six swallows in the Jinling 48 scene. However, due to the overall destruction caused by the quarrying in the mountains, there are more man-made landforms such as mountain wounds, steep walls and deep mining pits in the Mt. Fuchu. The mountain vegetation in the area has now been improved.

In order to develop the Mianyan Scenic Area and build the Binjiang Scenery Zone, the city's planning and gardening department invited three design units from the United States G70 Corporation, the Provincial Urban and Rural Planning Institute, and the South City Planning Research Institute to collect planning plans. The No. 2 project submitted by the Jiangsu Urban and Rural Planning and Design Institute won the bid to divide the entire scenic area into four areas and one park, namely the Yanzi Scenic Area, the Laoshan Ecological Tourist Area, the Mulan Landscape Recreation Area, and tourism. Service area, Dolomite Remains Park and Riverside Leisure Scenery. The program is very creative to the mining area has been opened, combined with the terrain, the development of metallogenic geology museum, set up murals, rock carvings, lanes, climbing ladder, deep pit artificial lake for visitors.

Yanzi Town will be transformed into an ancient town with Jiangnan features and historical traditions. On the basis of existing vegetation, the restoration of bare rock and waste vegetation will be gradually realized. Natural secondary forests such as shrubs, shrubs, ornamental trees and aquatic vegetation will be strengthened, and artificial forests will be bred to enable the various tourist areas to function as sports, camping and leisure facilities.

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