An enterprise in Shanxi openly recruited bankruptcy reorganization investors, and the 4500t/d clinker line was completed but not put into operation.

Recently, Shanxi Teda Mining Co., Ltd. (Hereinafter referred to as Shanxi Teda Mining) publicly recruited investors for bankruptcy reorganization. This bankruptcy reorganization adopts the method of 100% equity transfer/asset transfer to introduce investors for reorganization. The assets appraisal report of Shanxi Teda Mining is 400 million yuan (excluding land value), which is used by the administrator as a reference, and the price negotiated by the investors recruited for bankruptcy reorganization is 404 million yuan or the assets reappraisal price is used as the investment amount. On October 10,

2022, the People's Court of Shenchi County, Xinzhou City, Shanxi Province, decided to accept the bankruptcy reorganization of Shanxi Teda Mining Co., Ltd. because Shanxi Teda Mining Co., Ltd. could not pay off its debts due and obviously lacked solvency. In order to promote and guarantee the reorganization of Teda Company and realize the effective integration of resources, the manager of the company openly recruited the reorganization investors of Shanxi Teda Mining Industry. The first creditors'meeting of bankruptcy reorganization of

Shanxi Teda Mining Co., Ltd. was held in Shenchi County People's Court on November 16, 2022.

It is reported that Shanxi Teda Mining was established in September 2006, located in Xinzhou City, Shanxi Province, its main business scope is: sales of bauxite, iron ore, cement, experimental analytical instruments. Shanxi Teda Mining has a 4500t/d new dry process clinker cement production line. This project belongs to the key project of Shanxi provincial two districts. It is the first large-scale industrial project in Shenchi County to attract investment and settle in Shenchi. In 2009, Shanxi Economic Commission identified it as the key project of industrial transformation and development. Construction started in 2009, with a total investment of 788.68 million yuan, and the project was completed in 2014. Affected by many factors, the project was completed but not put into operation.

At present, the downward trend of cement demand is prominent, energy prices remain high, costs remain high for a long time, and profit compression has become the norm. Improving energy efficiency and reducing cost pressure have become the key breakthrough points for cement enterprises to enhance their comprehensive strength and market competitiveness. On July 6-7,

2023, China Cement Network will hold the "2023 China Cement Energy Conservation and New Energy Development Conference" in Chongqing, starting from energy-saving transformation, photovoltaic, energy storage and other technology applications, green power, alternative fuels to replace tradi tional energy transformation, and so on. Explore new ways of energy saving and consumption reduction in cement industry.

After the meeting, we will visit the energy-saving demonstration line of "Grade 5 to Grade 6" of Dongfang Hope Chongqing Cement Preheater.