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Jiangsu Yangnong: subsidiary start a new project with 15,475 t/a pesticide
Jun. 7, 2017
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ChinaThe total investment valuation of the project approval is USD293.9 million. Jiangsu Youjia will use loan, self-financing and other means to raise the funds. The project construction period is tentatively scheduled for 3 years. After the completion of the project, the estimated annual operating income is USD224 million, the total investment rate of return is 18.4% and the project investment in financial internal rate of return (income tax) is 18.1%.
Table 2: the major projects that Jiangsu Youjia plans to invest in April 14, 2017
|
Classification
|
Product
|
Design capacity, t/a
|
|
Insecticides
|
Pyrethroid pesticides,
metoxadiazone, chlorfluazuron
|
11,475
|
|
Herbicide
|
Tribenuron - methyl,
thiophanate, haloxyfop-R-methyl
|
1,000
|
|
Fungicide
|
Propiconazol, difenoconazole
|
3,000
|
|
Chloroacetophenone
|
2,500
|
|
|
Related by-products
|
37,384
|
|
Source: Jiangsu Yangnong
The notice said that the investment project was set up to speed up the implementation of the company's coastal development strategy, adjust the production layout, promote transformation and upgrading, achieve product serialization and high-end oriented development gradually, cultivate new benefits growth point, help the company become stronger and constantly enhance the company's overall competitiveness.
Table 3: Jiangsu Youjia’s pesticide production projects in the first phase and the second phase
|
Item
|
Product
|
Capacity, t/a
|
|
The first phase
(put into production)
|
Dicamba
|
5,000
|
|
Ben Ting acid methyl ester
|
1,500
|
|
|
Bifenthrin
|
800
|
|
|
Fluazinam
|
600
|
|
|
By - product
|
28,492
|
|
|
The second phase
(under construction)
|
Dicamba
|
20,000
|
|
Pyrethroid pesticides
|
2,600
|
|
|
Pyraclostrobin
|
1,000
|
|
|
Trinexapac-ethyl
|
300
|
|
|
Diethyltoluamide
|
50
|
|
|
By - product
|
99,600
|
Source: Jiangsu Yangnong
It is reported that Jiangsu Youjia will divided the projects into three phases of construction. The main products of phase I project are insecticides bifenthrin, herbicide dicamba, fungicide fluoride and an intermediate intermediates Ben Ting. The phase project I was put into operation in Dec., 2014. The annual sales income of 2015 was USD104.7 million and USD106.3 million in 2016. At present, Youjia company is to promote the second phase of the project.
Source: Think Real
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