CCM: Guangdong Huiyun applies for entry into New Third Board 06-14-2016

On 9 May, 2016, Guangdong Huiyun Titanium Industry Co., Ltd. (Guangdong Huiyun) officially applied for entry into the New Third Board (National Equities Exchange and Quotations for small and medium-sized enterprises).




According to the company, its financial performance in 2014 and 2015 was:

  • Revenue: +USD94.32 million (+RMB609 million) in 2014 and +USD88.13 million (+RMB569 million) in 2015
  • Net profit: +USD22,705 (+RMB146,600) in 2014 and -USD3.14 million (-RMB20.30 million) in 2015


Founded on 28 Sept., 2003 with a registered capital of USD46.46 million (RMB300 million), Guangdong Huiyun is engaged in the R&D, production and sale of TiO2. Currently, it has nearly 1,000 employees and is capable of the following production capacities:

  • TiO2: 55,000 t/a (including 15,000 t/a anatase TiO2 and 40,000 t/a rutile TiO2)
  • Sulfuric acid: 450,000 t/a
  • Calcium sulfate: 220,000 t/a
  • Anhydrous ferrous sulfate: 180,000 t/a


Zhong Zhenguang, president of Guangdong Huiyun and Wang Jinxiu, president of Huizhou Jinxiu Paper Co., Ltd. directly and indirectly hold 43.56% of shares in the company, making them the joint actual controllers of the company.
Guangdong Huiyun's knock-out products are its self-developed Baiyuying brand sulfate grade TiO2, chiefly including:


- Rutile TiO2

  • R-668 (for industrial paints)
  • R-666 (for plastics)
  • R-K95 (for plastics)
  • R-18 (for latex paints)


- Anatase TiO2

  • HTA-301 (for water-based paints)
  • HTA-201 (for general use)


- Food grade TiO2

  • HT-1000FG


- Electronic grade TiO2

  • HT-2000


 

By relying on its consistent product quality, Guangdong Huiyun has enjoyed a good reputation in the domestic market for a long time. What's more, its self-innovated complete circular economy (pyrite - sulfuric acid- TiO2 - gypsum - cement) has been regarded as a model of environmentally friendly development in the domestic TiO2 industry.


At present, during the production of sulfate grade TiO2, Guangdong Huiyun has achieved an acidolysis ratio of over 98% and increased its titanium recovery rate by more than 1.7%. Given Guangdong Huiyun's production capacity, this will help the company to save about 2,040 tonnes of titanium ore, 3,200 tonnes of sulfuric acid, 2,400 tonnes of standard coal, 800,000 m3 of water and cut 2,800 tonnes of sulfur dioxide emissions annually.  


If Guangdong Huiyun is accepted into the New Third Board, it will become the fifth listed company (unofficially) engaged in the TiO2 business, and CCM believes that its financing channels will be greatly enriched, helping it to carry out its production capacity expansion or merger and acquisition (M&A) plans.


Additionally, after entering the New Third Board, Guangdong Huiyun will be required to disclose operational information, which should improve its brand awareness.


It is interesting to note that all the M&As and production capacity expansions which have taken place within the TiO2 industry since 2014 have occurred within or between listed companies. For example, Henan Billions Chemicals Co., Ltd. acquired Sichuan Lomon Titanium Co., Ltd.; CNNC Hua Yuan Titanium Dioxide Co., Ltd. acquired Wuxi Haopu Titanium Co., Ltd. and Xuzhou Titanium Dioxide Chemical Co., Ltd., a subsidiary of Jilin GPRO Titanium Industry Co., Ltd., put a new production line into operation.


This article comes from Titanium Dioxide China Monthly Report 1605, CCM



About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a brand of Kcomber Inc.

 

For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.


Tag: TiO2



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