Six major projects have been built in LU XI Chemical transformation diversified Chemical industry

"This year's chemical industry accounted for more than 30% of the company, next year will reach more than 50%."　　"A few days ago, the reporter at the LU XI chemical shareholders meeting to understand that the company is actively promoting the development of chemical products and projects, starting from the chemical fertilizer enterprises to the diversified chemical enterprises." Company Chairman Zhang Jincheng introduced, the company started construction in 2009 at the same time 6 projects, including ionic membrane caustic soda, methylamine, methane chloride and melamine and other 4 projects have been completed, other projects 2010 years can be completed. "The company will gradually turn from chemical fertilizer enterprises to chemicals enterprises, from primary chemical to fine chemical industry, to create integrated, intensive and park-integrated chemical enterprises."　　Zhang Jincheng said that at present the company has more than 30 chemical products, is expected in two years after the product category will reach between 70 to 100 species. In the Luxi Chemical Industry Park, some new projects are being built in full swing. The company said that the completed production of 60,000 tons of methane chloride, 100,000 tons of methylamine and 200,000 tons of ionic membrane caustic soda project have reached the expected effect, the total amount of new profits expected in 2010 is about 110 million yuan. And in relation to the company's new project main raw materials ammonia and methane production of coal gasification technology, Zhang Jincheng revealed that the construction of coal gasification technology of the Aerospace furnace project to promote smooth. It is noteworthy that the company's business has extended to the mining industry. The company shares 35% of the Liaocheng resources development company plans to jointly develop with the new Brunei mining industry currently proven reserves of 21.7 billion tons of liaocheng coal resources, the production of coal for bituminous, suitable for the company's space furnace use.　　Compared to transporting coal from Shanxi, the move will greatly reduce coal freight and lower the company's raw material prices. Many new projects on the horse, making the company needs a large amount of funds. Last year, the company made a decision to make more than 5 yuan/share price directed additional 200 million to 500 million shares, proposed to raise funds not more than 2.5 billion yuan, to the annual output of 300,000 tons of urea project and 200,000 tons/year silicone project. However, due to the recent continued downturn in the securities market, the company's share price fell below 5 yuan on May 17, until the last Friday closed at 5 yuan/share, just and the issue price flat, in the "Break" edge. In the face of investor concerns about the issue, Zhang Jincheng said: "The company has not entirely put the hope in the issue of additional, even if the issue of failure, the company's operations will not have any impact." "In February this year, 11 of the company's top executives have collectively increased their holdings at a price of around 5.9 yuan per share." Although the current collective quilt cover, but Zhang Jincheng said, if the funds, will continue to increase the company's shares.