Fengshan Group's 700-ton Cyhalofop-butyl, 300-ton Clodinafop-propargyl technical project begins trial production

Date:02-05-2021

The Fengshan Group announced on February 2, 2021, that the company's annual 700-ton Cyhalofop-butyl and 300-ton Clodinafop-propargyl technical project” was already completed on December 20, 2020, covering the main building, the preparatory work for the test run such as equipment installation, commissioning and personnel training. The project started its trial run on January 30, 2021.

The project is one of the IPO financing programs of Fengshan Group launched in September 2018. In 2019, the project was suspended for six months due to the overhaul of the central heating system within the chemical industrial park where the company is located. In the first quarter of 2020, the project was again suspended for six months due to the outbreak of COVID-19 and construction workers returned to work rather late. In the second quarter of 2020, the Plum Rain Season also had an impact on the project. In general, the project was delayed for various reasons.

The product range of Fengshan Group includes pesticide intermediates, pesticide technical and pesticide formulations, which provide an industry chain advantage against the competition. In 2020, the company achieved a remarkable business performance, where the net profit attributable to shareholders of the year increased between Yuan175 million and 210 million year-on-year, which is 503.47% to 604.16% up year-on-year.