According to the announcement issued by Xin'an Co., Ltd., Zhenjiang Jiangnan, a wholly-owned subsidiary of the company, intends to apply to three banks including Bank of China Limited (Zhenjiang Branch) for a loan line of no more than 42 million yuan through syndicated loan to meet the construction needs of "300000 tons / organosilicon chlorine resources comprehensive utilization project", and the company provides no more than 42 yuan for Zhenjiang Jiangnan, The company has not signed a guarantee agreement with the bank for the guarantee of the loan line of RMB 10 million. The specific term and interest rate of the loan shall be subject to the agreement actually signed.
It is reported that Zhenjiang Jiangnan Chemical Co., Ltd., formerly known as Zhenjiang Jiangnan Chemical Plant, was established in 1979 and is a state-owned enterprise. In 2005, Zhenjiang municipal government increased the restructuring of state-owned enterprises and the work of "going back to the city and into the district" of chemical pollution enterprises. Zhejiang Xin'an Chemical Group Co., Ltd., as a strategic partner, controlled Zhenjiang Jiangnan Chemical Plant and established Zhenjiang Jiangnan Chemical Co., Ltd., located in the international chemical Industrial Park of Zhenjiang New Area, 2009 In, it became a wholly-owned subsidiary of Zhejiang Xin'an Chemical Group Co., Ltd.
In October 2013, Jiangsu Lihong silicon material Co., Ltd. (formerly Jiangsu Hongda new material Co., Ltd. Yangtze River Branch) was acquired to realize the transformation from a single agricultural production to a pattern of both agricultural and organic silicon production. In order to give full play to the production mode of organosilicon glyphosate chloride recycling economy of Xin'an chemical group company, make a bigger and stronger enterprise, and build Zhenjiang recycling economy demonstration project, it is planned to build another 30000 tons of glyphosate and its supporting products on the basis of the original 50000 tons of glyphosate in Jiangnan Chemical plant, and the original 10 tons of glyphosate in Jiangnan organosilicon plant On the basis of 10000 tons of organosilicon, it is planned to build another 200000 tons of organosilicon monomers, as well as production units such as silicone oil and silicone rubber, to form a production scale of 300000 tons of organosilicon monomers matched with 80000 tons of glyphosate technical drugs, so as to realize the complete circulation of chlorine resources in the organosilicon glyphosate industrial chain.
Xin'an's guarantee for Zhenjiang Jiangnan will meet the capital demand of its 300000 tons / organosilicon chlorine resources comprehensive utilization project.