Textile And Chemical Giant Reappears To Buy Big Shots! Heng Shen'S Capacity Reaches 1 Million 80 Thousand Tons / Year, Ranking First In The World.



Recently, the Changle based Fujian chemical fiber and textile industry leader Heng Shen Holdings Group Co., Ltd. formally signed the purchase of Fibrant (Forbont) caprolactam and related businesses.

The acquisition includes 280 thousand tons of caprolactam production plant, 320 thousand tons of phenol cyclohexanone production plant, and 400 thousand tons of caprolactam production plant in Nanjing Forbont (formerly Nanjing Oriental), including the phenol cyclohexanone production process, HPOPLUS caprolactam production technology, ammonium sulfate large particle technology and other intellectual property rights.

The acquisition is expected to be completed in the third quarter of this year. After the completion of the acquisition paction, the hang Shen group will have the world's most environmentally friendly, leading and most economical caprolactam production technology, with capacity of 1 million 80 thousand tons / year, becoming the world's largest supplier of caprolactam and ammonium sulfate, and changing the global layout of caprolactam. This will have a profound impact on enhancing the overall competitiveness of Heng Shen in the chemical fiber industry and the competitiveness of China in the international market of caprolactam.

Caprolactam is the main producer of polyamide chips.

It can be processed into nylon fiber, engineering plastics and plastic film. It is widely used in machinery, automobile, chemical industry, aviation and other fields.

For a long time, caprolactam has been monopolized by several international chemical giants. The domestic market is basically dependent on imports, and its dependence on foreign trade is as high as 70%.

The acquisition is not only an important step towards the world, but also helps the domestic aviation, metallurgy and other industries to get rid of the high dependence of caprolactam import and help build the Chinese brand.

Heng Shen group currently owns Shen Yuan.

Many entities, such as Heng Shen He fiber, Li Heng nylon and so on, take the lead in the world to complete the integration from caprolactam to the whole industry chain of dyeing and finishing. It is the world's largest headquarters of synthetic fiber technology and ecology headquarters. In 2017, the total capacity exceeded 1 million 385 thousand tons and the output value was 28 billion 600 million yuan.

In July 2017, Heng Shen group's Shen Yuan new material first phase of 400 thousand tons of polyamide integrated project was successfully launched, which greatly enhanced its competitiveness in the chemical fiber industry.

In the future, the hang Shen group will integrate overseas assets, know-how and the world.

Resources provide a more comprehensive and effective solution for the global caprolactam value chain stakeholders, and win the world reputation for Chinese brands.

In recent years, due to the global economic recovery, the continued low cost of financing and the interest in pformation still high, foreign and domestic chemical and chemical fiber enterprises have accelerated the speed of industrial concentration, such as: Dow DuPont merger, the combination of Linde and plex, China Chemical acquisition of Syngenta, Hengli acquisition of 40% stake in gouton Road, Heng Yi purchase of Jiaxing Yi Peng, Taicang Yi Feng and double rabbit new material......

According to statistics, global chemical M & A pactions totaled 24 billion US dollars in the first quarter of 2018, 27% higher than the previous quarter, an increase of 17% over the first quarter of 2017.

In terms of volume, there were 203 pactions in the quarter.

The increasing number of global M & A cases shows that emerging markets are constantly exploring the path of globalization.

The Wall Street journal has mentioned that China is globalized.

The development ambitions and the slowdown of China's economy have led to overcapacity of products, which has brought about sharp changes to the globalized industry, prompting large enterprises to join together to warm up or upgrade.

The integration of China's chemical and chemical fiber supply industry is constantly promoting its own scale, realizing business globalization through M & a strategy, and establishing supply chain in every region of overseas, so as to achieve the overall strength of globalization.

This is an era of mergers and acquisitions. There will be more "small fish and shrimp" annexed this year, and the stronger the stronger, who will be the next acquisition?