Oct. 23, 2018
Recently, Lier Chemical
’s wholly-owned subsidiary, Lier Chemical Guang’an, has begun operations of its 1,000-ton flumioxazin technical production line and auxiliary facilities.
At present, flumioxazin price is quoted at above Yuan600,000. After the production line is put into production, flumioxazin is expected to be sold on average of Yuan500,000 (not inclusive of taxes), which is a conservative estimation. Based on the assumption that the sales quantity in 2018, 2019 and 2020 will be, respectively, 300 tons, 800 tons and 800 tons, a net profit of Yuan50 million, 100 million and 100 million will be generated in 2018, 2019 and 2020.