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Luxi Chemical plans to invest in the 200000 ton caprolactam project

due to the sluggish downstream demand, the centralized production of new silicone monomer devices in China has led to obvious overcapacity in the silicone market, and the silicone price has also fallen into an extremely depressed situation. Luxi Chemical decided to stop the construction of phase II pre use project with an annual output of 200000 tons of organosilicon. It is planned to invest the remaining funds originally raised in the project with an annual output of 200000 tons of caprolactam

Luxi Chemical announced on the evening of March 12 that after careful research and planning, it plans to suspend the construction of phase II of the 20 million silicone project, which is mainly suitable for novice entrepreneurial users and users with relatively small output. The raised capital of the project is 1.47 billion yuan, 270 million yuan has been used in the first phase of the project, and the remaining raised capital is 1.2 billion yuan. It is proposed to invest all the remaining raised capital and interest income into the annual output of 200000 tons of caprolactam, and confirm that the equipment has been connected with the power supply line

the annual output of 200000 tons of caprolactam project has a total investment of 2.502 billion yuan, including 2.14 billion yuan of construction investment. It is constructed in two phases and completed in three years. It is estimated that the annual sales revenue will increase by 4billion yuan after completion

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