China's largest government to pay for the relocation of enterprises to start construction projects in Tianjin 5.3 billion "transplant" Tianjin Soda Plant
On December 19, the relocation project of the Tianjin Soda Plant officially commenced. With a total investment of 5.3 billion yuan, this initiative stands as the largest government-funded relocation project for a chemical company in China to date. The plant, which has a history of 88 years, was founded by Mr. Fan Xudong, a renowned early Chinese industrialist. In 1940, it pioneered the Hou’s Process for alkali production, a method that was then the most advanced in the world. Today, the plant produces nearly 900,000 tons of soda ash annually, accounting for over 25% of the national output. It also offers 20 types of products, including 51 varieties such as ammonium chloride. In 2005, the plant reported an industrial output value of 2.015 billion yuan, sales revenue of 1.66 billion yuan, and an added value of 480 million yuan, with import and export volume reaching 100 million U.S. dollars.
The Tianjin Soda Plant is situated in the core area of the future development plan for the Binhai New Area, which has led to constraints on both city planning and the company's growth. Considering safety, environmental protection, and enhancing the company's competitiveness, the municipal government decided to invest 5.3 billion yuan to relocate the plant to the Bohai Chemical Industry Park.
After the relocation, the plant will retain two well-known Chinese brands: Red Triangle soda ash and Neptune ammonium chloride. It will also establish 13 large-scale chemical plants, utilizing ethylene, propylene, butanol, octanol, DOP, ethanolamine, and vinyl acetate produced in the Bohai Sea Chemical Park. These raw materials will be combined to manufacture various chemical and consumer products, creating an integrated industrial chain between upstream and downstream sectors. This transition will shift the company from a single marine chemical focus to a more diversified integration of marine, petrochemical, and coal chemical industries. As a result, the proportion of soda ash sales revenue will drop from 69% to 13%, leading to a more balanced product structure.
Xintianhua’s main technologies and equipment are among the best in China and globally. The company has significantly improved its technology, raising the utilization rate of sea salt from 30% to 97%, while eliminating environmental pollution. The project is expected to be completed by the end of 2007. At that time, annual sales revenue is projected to reach 7 billion yuan, with profits and taxes totaling 1.98 billion yuan. Currently, the company has built a strong talent pool. Its independently developed seawater circulation cooling technology will effectively address the "three wastes" (waste gas, waste water, and solid waste) issues at the new factory.
In addition to the Tianjin Soda Plant, other major domestic chemical companies, such as Dahua Group in Dalian City, are also undergoing large-scale relocations, with investments exceeding 7 billion yuan. A significant portion of these funds comes from private enterprises.
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