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Fuhua Tongda anticipates 10 billion yuan annual earnings from new project launchesqrcode

Aug. 12, 2016

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Aug. 12, 2016

Fuhua Tongda anticipates 10 billion yuan annual earnings from new project launches

Fuhua Tongda Agro-chemical Co., Ltd, announced strong performance and sustained profitability, despite the declining interest in glyphosate, in the second half of 2016. The company successfully issued corporate bonds worth 1.1 billion yuan in the first half of 2016, creating a solid capital foundation for the continuation of its efforts to establish a vertically integrated industry chain. In 2015, the company successfully commissioned a 60,000-ton per year triformol project and a 120,000-ton hydrogen peroxide project. In 2016, the company is prepared to continue efforts to complete the series projects in the cycle industry park. 
 
These projects include the annual production of 300,000 tons of ionic membrane caustic soda, a thermal system upgrade of the cycle industry park, annual production of 80,000 tons of glycine, annual production of 200,000 tons of methane chloride, annual production of 12,000 tons of tetrachloroethylene, renovation of the unit producing 50,000 tons of methylal distillation annually, and the annual production of 30,000 tons of sodium tripolyphosphate using a glyphosate mother liquid for phosphorous recovery. An annual output value of over 10 billion is anticipated after all these projects are brought on-stream.
 
Construction of these projects has already begun. This July, the company’s upgrade phase 1 project for a unit producing 80,000 tons of glycine annually was commissioned. It is currently running on a trial production basis, having produced an acceptable product. It is expected to produce 5,000 tons of glycine this year.
 
Source: AgroNews

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