The hottest yinglide creates PVC industry advantag

As a large-scale chlor alkali production enterprise in the western region, INET has the advantages of energy, resources and integrated production of "thermoelectricity calcium carbide/caustic soda PVC resin". In 2008, the gross profit margin of the company's PVC resin was 17.94%, higher than the average level of 5.37% of Listed Companies in the same industry. At the same time, the company used 108m3 polymerizer for the first time in China, introduced Alfa evaporation process for the first time, and used DuPont's fourth generation perfluorinated ion exchange membrane for the first time

compared with most small and medium-sized enterprises in the domestic chlor alkali industry, INET has the advantages of high product quality, stability and low pollution. The production and sales of PVC resin have also become the main source of profit for INET. The gross profit generated by the sales of PVC resin in 2008 accounted for 60.6% of the total gross profit of INET. On the contrary, the trial pull ratio is intended to be 7% smaller than the calibrated pull. At present, the company has an annual production capacity of 275000 tons of PVC resin, ranking 15th in the same industry in 2008. At the same time, INET also has an annual capacity of 210000 tons of caustic soda, 90000 tons of lime nitrogen and 11500 tons of dicyandiamide; At the same time, the company has a refined lime base with an annual output of 140000 tons, 3 experimental trips, 50MW thermoelectric units, 50MW unit power generation rights and 400000 tons of calcium carbide devices

relying on the advantages of the industrial chain and the coal, limestone, raw salt and other funds in Ningxia and surrounding areas, China may also be trying to promote the development of the domestic waste collection industry, with the advantage of source reserves, and INET has gained a low-cost advantage

the predecessor of INET was national chemical industry, which was restructured in 2002. In that year, the listed company raised its own funds to expand the 50000 ton lime nitrogen project. After 2005, it vigorously developed the PVC resin business. The western company acquired by this allotment also built China's first annual production line of 120000 ton calcium carbide PVC resin in 2005. So far, the production capacity of INET PVC resin has been expanded by 9 times

while the production capacity expanded rapidly, the total assets of INET also increased from 540 million yuan at the end of 2002 to 3.979 billion yuan at the end of last year, an increase of more than 600%

the funds raised by INET in this allotment are mainly used to acquire the 40.76% equity of western company held by INET group. After the acquisition, the listed company will directly hold 84.47% equity of western company. At the same time, the company will own 100% equity of thermal power plants subordinate to western company. Before the allotment, the listed company will own 50% equity. According to the calculation of Yang Yun, an analyst of Oriental Securities Industry, this is the only one, The single electricity charge will save 140million yuan for INET every year

according to the "Eleventh Five Year Plan" of the national chlor alkali industry, several large chlor alkali (calcium carbide method) enterprises will be developed in places with rich coal, electricity and salt resources in the central and western regions. In principle, calcium carbide PVC projects and supporting caustic soda projects will not be built in the eastern region. 3. Lead screws and nuts should often be injected with new lubricating grease. The focus of China's PVC resin industry should gradually shift to the western region, which is rich in coal, raw salt and limestone resources. While the chlor alkali enterprises in the whole western region have obtained good development opportunities, the acquisition of the equity of the western company by INET is also in line with the development trend that the concentration of the chlor alkali industry will continue to increase

in addition, due to the rapid expansion of production capacity and the lack of timely capital thickening, INET has generated a large number of liabilities in recent years. After the completion of this allotment, the company's high debt situation will also be improved

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