According to Jinchuan Group, on December 30, 2022, Jinchuan Group held the seventh session of the eighth professional Congress, emphasizing "anchoring the goal of 100 billion yuan, expanding the chemical industry", requiring "coordinated operation of Jinchuan Chemical Industry and Jinni Industry, and overall planning of the industry". The news
spread for many days -Jinchuan Group Co., Ltd. acquired the shares of Jinchang Cement (Group) Co., Ltd.-finally "came to light". According to
the interview, Jinchuan Group intends to acquire 51.83% of Jinni Group's equity held by Jinchang SASAC, which has been completed in December 2022. So far, Jinchuan Group has realized its holding of Jinni.
Jinni is the backbone enterprise of cement industry in Gansu Province and an important production base of building materials and chemical industry in Jinchang area. At present, it has three major industrial sectors of cement building materials, chlor-alkali chemical industry and ammonia-alkali chemical industry. Its main product production system runs well and operates stably. In 2022, the output value is 2.77 billion yuan, an increase of 6.62% over the previous year, and the profit and tax is 291 million yuan, an increase of 24.36% over the previous year. The industrial cooperation
between Jinchuan and Jinni has a long history. Since the establishment of Jinni, the two sides have established a close relationship of high interdependence and mutual benefit. At present, 70% of cement, 100% of acetylene and 60% of soda ash are supplied to Jinchuan, while solid wastes such as fly ash and desulfurized gypsum produced by Jinchuan are disposed of by Jinchuan, and the raw materials of products are complementary.
In line with the principle of complementary advantages and coordinated development, the two sides have built PVC, calcium carbide, acetylene and other supporting projects, and set up a PVC, caustic soda, calcium carbide, acetylene chlor-alkali chemical industry chain in Jinchang area. After the
integration, Jinchuan Group's calcium carbide and acetylene production system will be more deeply integrated into the chlor-alkali chemical industry chain of Jinchuan Group, realizing integrated operation and becoming the raw material source of PVC production plant; the PVC produced will in turn drive the linkage between other links of the industry chain; The circular industrial chain of "acetylene-PVC-carbide slag-gold mud dry cement-underground filling of Jinchuan Group Mine" will be fully opened. People
familiar with the situation said that the acquisition of Jinni shares, the integration of chemical enterprises in Jinchang region, the construction of a complete chlor-alkali chemical recycling industry chain, and the expansion of industrial scale are in line with the development plan of Jinchuan Group's chemical industry; the follow-up development of compound fertilizers, biodegradable, new engineering plastics, new energy key raw materials and other strategic emerging chemical materials can also achieve synergistic effects. Li Shangyong, General Manager and Deputy Secretary of the Party Committee
of Jinchuan Group, pointed out that the acquisition was an active exploration for Jinchuan to play the leading role of the main enterprises in the chlor-alkali chemical industry chain in Gansu Province and to promote the "extension, supplement and strengthening of the chain", which would become a vivid example of optimizing the layout of the state-owned economy, deepening the integration of specialization and guiding the concentration of resources to superior enterprises. The main products
of Jinni are highly related to the main business of Jinchuan Group. The organic integration of the two enterprises "helps to further improve and perfect the existing circular economy industrial system, improve efficiency and efficiency, and is conducive to further overall planning and the birth of a new industrial chain." Gan Xianfu, chairman of Jinni Company, said that in 2023, the output value of Jinni is expected to exceed 3 billion yuan, and the output of calcium carbide will exceed 300000 tons.
According to the previous announcement of China Cement Network, in December 2022, Gansu Property Exchange Group announced the 51.83% equity transaction announcement of Jinchang Cement (Group) Co., Ltd. The transaction date was December 8th, and the transaction price was 1.452 billion yuan.
Cement big data show that Jinchang Cement Group has two cement clinker production lines with capacity of 1000t/d and 2500t/d respectively.
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