In the past ten years, private refining and chemical companies have made vertical integration breakthroughs from the bottom up using polyester as the starting point. While realizing the layout of the entire industrial chain from “a drop of oil” to “a thread”, they have also expanded and improved the mid- and upstream industries. layout. In recent years, private refining and chemical companies have targeted the downstream weaving and new energy fields, relying on the raw material industry chain advantages provided by the upstream “big chemical” platform to lay out the downstream industry chain from top to bottom, starting a new round of growth.
In recent years, the industry leader Tongkun Group has continued to deepen its development and actively expand its strategic layout. In early August, it started a new round of investment, and two major derivative projects ushered in the centralized start-up and production.
1,760 looms are in place and Tongkun Hengyang is officially put into production
On July 27, Jiangsu Tongkun Hengyang Chemical Fiber Co., Ltd. held a start-up ceremony. It is reported that the Tongkun Group’s Shuyang project was signed on December 25, 2020. On April 28, 2021, the Tongkun Group’s Shuyang project started construction; on December 25, 2021, the main civil construction of the first phase of 520,000 square meters was completed; in 2022 On February 8, the first batch of equipment was stationed; on July 6, 2022, the 220-kilovolt main transformer was successfully started; in late July 2022, the installation and commissioning of 1,760 looms in the first weaving workshop was completed.
Tongkun Group’s Shuyang project is located in Shuyang Lingang Industrial Park, covering a total area of 4,200 acres, with a planned investment of 15 billion yuan. The main project, Jiangsu Tongkun Hengyang Chemical Fiber Co., Ltd., consists of four sub-projects: Suqian Tongkun Hongyang Printing and Dyeing, Suqian Chenyang Sewage Treatment, Suqian Tongkun Xuyang Thermal Power, and Suqian Port Shuyang Port Area Hengyang Terminal.
After the project is completed and put into operation, it will form an annual production capacity of 2.4 million tons of filament (short fiber), achieve an annual output value of 30 billion yuan, pay taxes of 1 billion yuan, and directly create employment for nearly 10,000 people. This project is not only the internal demand of Tongkun Group to accelerate the integrated layout of the industrial chain, but also a landmark achievement of Shuyang’s textile and clothing industry chain reinforcement and chain strengthening project, injecting more new momentum and new vitality into Shuyang’s construction of a 100-billion-level textile and clothing industry cluster. .
Entering new energy, Tongkun Guangxi Youcan New Materials starts construction
At the same time, on August 2, Hechi City’s concentrated completion activities in the third quarter of 2022 and the opening ceremony of the lithium iron phosphate new energy material project of Tongkun Group Guangxi Youcan New Materials Co., Ltd. were grandly held at the Youcan Project Headquarters in Daren Industrial Park held.
Chen Shinan, vice president of Tongkun Holdings, said that Hechi has an excellent business environment and rich resources, which is conducive to the extension and development of the industrial chain and is highly consistent with the development strategy of Tongkun Group. At the same time, the Guangxi Youcan project is an important layout for Tongkun to further expand and extend the industrial chain and open a new chapter of cross-border development.
It is understood that Tongkun Group’s Guangxi Youcan project is located in Daren Industrial Park, Hechi City, Guangxi Zhuang Autonomous Region. It has a planned land area of about 1,200 acres and a total investment of 8 billion yuan. After completion and reaching capacity, it is expected to have an annual output value of 12.2 billion yuan, pay taxes of 1.14 billion yuan, and create jobs. There are more than 1,700 positions. The project is large in size, high in industrial capacity, and has obvious economic, social and ecological benefits. It can bring more and higher-quality development opportunities to the local industry.
In recent years, it is nothing new that polyester faucets have extended to downstream weaving and new energy fields. In the textile sector, as a vertical extension of the group’s industrial chain, Hengli Textile already has more than 40,000 production equipment and a production capacity of more than 4 billion meters per year. Moreover, Hengli Group has built five major industrial bases in Suzhou, Suqian, Nantong, Dalian and Yingkou, and is building new industrial bases in Luzhou and Yulin.
At present, the top six polyester filament companies in the industry, Tongkun, Xinfengming, Shenghong, Hengyi, Hengli, and Rongsheng, account for more than half of the total production capacity. In the next few years, only Tongkun, Xinfengming, and Rongsheng will continue to expand their polyester filament production. With large companies such as Xinfengming and Shenghong, industry concentration will further increase. Today, the polyester industry, whose production capacity is highly concentrated, is further evolving!
Especially since the epidemic, insufficient demand from the downstream consumer market has been a major challenge facing the textile industry, and the prosperity of the chemical fiber industry has inevitably declined. Listed polyester companies are basically large-scale enterprises that need to ensure continuous production of their devices. Although there are good production and sales ratios in certain periods, overall they face greater inventory pressure. Judging from the specific situation of enterprises, enterprises that implemented a balanced upstream and downstream integrated development strategy earlier have demonstrated good competitive advantages and risk resistance in the process of coping with this severe market situation.
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