The red Polaroid plans to raise the capital 246 million expands the capacity plate to rise nearly 9%

NetEase Financial October 19, following the June 50,000 tons of hard foam combined polyether production, today (October 19), Red Bao Li (002165, Closing price of 14.95 yuan) issued a notice, proposed to raise 246 million yuan investment in environmental protection of polyurethane foam composite polyether Technology Renovation project, the project to the postpartum, the company's total capacity of hard foam combined polyether will reach 150,000 tons/year.　　It is worth noting that the main raw materials of the rigid foam combined polyether propylene oxide price has exceeded the product of the hard foam combined polyether itself, the company again to expand production or face the problem of product gross margin decline, profitability will be tested. The announcement shows that the red Polaroid to no more than 10 specific investors, issued no more than 17 million shares, the issue price of no less than 15.11 yuan/share, raise capital limit of 246 million yuan. The company intends to use the raised funds to invest an annual output of 60,000 tons of environmentally friendly polyurethane foam composite polyether technology renovation project. The project has a total investment of 233 million yuan, the project construction period of 1 years, the production period of 3 years, the first year of production 60%, the second year of production 80%, the third year of production 100%, up to the expected annual sales revenue of 715 million yuan, average annual profit of 67.0828 million yuan, after-tax internal yield of 21.43%　　The payback period is 5.96 years. Red Bao Li said that company main products polyurethane foam composite polyether can be widely used in the preparation of refrigerators, freezers, insulation pipes, solar water heaters, automobiles, construction, packaging and other fields, the company is the largest polyurethane foam composite polyether suppliers, will benefit from the Government series of economic policy support and downstream industry development.　　The issue of stocks for the expansion of the foam composite polyether products, after the completion of the project will strengthen the company in the hard foam composite polyether industry competitive advantage, improve corporate profitability. Red Polaroid today after a sharp high, volume on the attack, the largest increase in the disk was nearly 9%, turnover amplification.