China-Thailand Chemical subsidiary signed 2.36 billion yuan calcium carbide purchase contract

NetEase Finance November 23 News of the Tuesday evening of the Thai chemical announced that the company's holding subsidiary in Xinjiang Huatai Heavy Chemical Co., Ltd. and Xinjiang Sheng Xiong Energy Development Co., Ltd signed 800,000 tons of calcium carbide procurement contract, the total amount of 2.36 billion yuan.　　The notice shows that the contract's performance period from the date of signing to October 31, 2012, the unit price of 2950 Yuan/ton (ex-factory prices, 280l/kg≤ forming volume ≤300l/kg), the number of 800,000 tons, the total amount of 2.36 billion yuan. China-Thailand Chemical said, Huatai Company as a holding subsidiary, the company holds its 99.651% stake.　　Huatai Two phase of the project into production, the company's annual consumption of calcium carbide will reach about 1.35 million tons, to Xinjiang Sheng Xiong Energy Development Co., Ltd. Procurement of calcium carbide to stabilize huatai calcium carbide raw materials supply, to ensure normal production and operation will play an important role. In addition, to Xinjiang Sheng-Hung Energy Development Co., Ltd. Procurement of calcium carbide will reach the company's annual total calcium carbide dosage of about 30%, is the company's main calcium carbide suppliers. China-Thailand Chemical said that the company will be through a wholly-owned subsidiary of Xinjiang Zhongtai Mining and Metallurgy Co., Ltd. calcium carbide project to expand calcium carbide self-sufficiency rate, to meet the follow-up project calcium carbide raw material needs.