Black Cat shares 200 million coal tar projects in Inner Mongolia

With 160,000 tons of carbon black production line, Black Cat shares (002068) raw material supply tension will be intensified.　　In order to resolve this contradiction, the company decided to spend 200 million in Inner Mongolia to build 300,000 tons of coal tar projects. According to the investment plan, the investment construction of 300,000 tons of coal tar deep-processing Project total investment of 212 million yuan. Among them, the construction investment is 181 million yuan, the construction period loan interest is 8.2972 million yuan, the bedding liquidity is 22.4634 million yuan. After the completion of the project, it is expected to achieve sales revenue of 760 million yuan/year.　　The investment of the project is the Black Cat shares subsidiary Wuhai Black Cat Carbon Black Co., Ltd., the source of the project funds for Wuhai Black Cats and bank loans, project construction period of one year. The black Cat shares the move is caused by the tension of raw material supply. In the first quarter of this year, benefiting from the continued growth of domestic auto market sales, Black Cat shares carbon black production and sales, to achieve operating income of 620 million yuan, but the company's hard carbon black product gross margin from 2009 to 19.4% down to 14.9%. It is understood that the raw material coal tar is the Black Cat shares in the first quarter of lower than expected gross profit margin is an important reason.　　Data show that in the first quarter of this year, domestic coal tar rose about 28%, while the price of carbon black products rose by about 10%. At the same time, the continuing high fever in the automotive market also stimulated the increase in domestic carbon black investment, the Chinese rubber project in Maanshan to build production lines, Dragon Star Chemical also plans to invest 160,000 tons of carbon black project.　　The new capacity is bound to affect the price of carbon black, but also lead to a shortage of coal tar supply.　　Black Cat shares admitted that 300,000 tons of coal tar deep-processing Project investment construction is Wuhai Black Cat 160,000 tons/year carbon black production project supporting projects, can effectively guarantee the stable supply of carbon black production materials and improve the quality of carbon black products, and can effectively reduce the production cost of Haihe. The announcement shows that the Black Cat shares holding subsidiary Wuhai Black Cat Carbon Black Co., Ltd. Investment in the construction of the two phase Line 4 line 40,000 tons/year wet carbon Black production line project, has started on May 18, 2010 ignition Oven, scheduled for June 2 commissioning, June 6 officially put into production. At this point, by the Wuhai Black Cat Planning Investment construction of 4 40,000/year carbon black production line and 30MW exhaust power generation project, has been completed and put into production, the formation of annual carbon black production capacity of 160,000 tons.