Cuchem seizes Minjiang to undertake industrial transfer

After successfully acquiring 100% equity of Tongling Port (Group) Co., Ltd., Anhui Tongling Chemical Industry Group disclosed their ideas on March 12th: It plans to invest at least RMB 500 million to complete the renovation and expansion project by the end of 2011, so that Tongling Hong Kong has annual handling capacity of 10 million tons; by the end of 2015, it will complete the construction of other ports belonging to the port company of Tongling City; it will develop and construct Tongling Henggang Logistics Park and Bonded Storage Center as a whole within five years. The Tonghua Group will build a modern platform for Minjiang to undertake industrial transfer.
It is understood that recently, Tonghua Group has acquired the equity of Tongling City Port (Group) Co., Ltd. with an investment of RMB 199.6 million through an electronic bidding method on the Anhui Changjiang Equity Exchange. The Tonghua Group stated that this is a solid step for them to take the lead and take the lead in breakthroughs in the construction of industrial transfer demonstration areas in the Minjiang City Belt.
On January 12, the State Council formally approved the "Plan for Demonstration of Industrial Transfer in Lancang Urban Belt". Tongling, as a major town in Lancang River, proposed to build a demonstration city to undertake industrial transfer. The Tonghua Group is aware that this provides a rare historical opportunity for companies to achieve greater and stronger goals in undertaking industrial transfer. As a result, Tonghua Group decisively implemented cross-industry mergers and acquisitions of Tongling City Port Corporation, and will take full advantage of the location advantages of Tongling Industrial and Trade Port City, establish a logistics system integrating roads, railways, and waterways, and create a modern trading center and storage center. .
Tongling City Port (Group) Co., Ltd. is a direct port to Taiwan. It now has 4 major port areas and 15 terminals, including a special terminal for hazardous chemicals, 3 foreign ferries, and a 29.1 km coastline. International liner routes within the container, providing direct or transit routes to Japan, North Korea, South Korea and other countries and regions, mainly engaged in loading and unloading dozens of cargoes such as phosphate rock, coal, and sulfuric acid. The total annual cargo throughput is approximately 4 million tons. . Its development and expansion will provide strong logistics support for the industrial transfer of the Minjiang City Belt.
In 2009, Tonghua Group ranked first among chemical fertilizer companies in Anhui Province, with six listed companies including Six Nations Chemicals and Annada. This year, Tonghua Group has made clear its strategic goal of creating "100 billion copper and 100 years of copper." After the implementation of strategic mergers and acquisitions, the six-country chemical companies, Ananda, Organic Chemicals, Huaxing Chemicals, and Lvyang Building Materials Co., Ltd., which belong to the Group and adjacent to the port companies, can effectively reduce the cost of cargo handling, transportation, and will participate better. International and domestic market competition.

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