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CPDC buy Chainlon polymer plant

CPDC (1314TT) in order to strengthen the CPL downstream nylon grain application, strategic integration of the petrochemical business layout, the board of directors approved a new investment case, proposed to participate in the Chainlon (4427) cash capital increase case, and no more than NTD 1.38 billion to obtain the Douliou Industrial Park Yunlin Hsien polymer plant land, production and equipment assets. CPDC has two main products CPL and AN. CPL is mainly sold to downstream nylon industry polymerization into nylon chip, and then for the use of textile filament or engineering plastic field. Chainlon company is the original long-term business dealings, its production of nylon chip and textile filament quality in the market is also a leading position. Founded in 1988, revenue to nylon accounted for 60% of nylon FDY and POY, nylon chip 34%, nylon DTY accounted for 5%, for one of the four major domestic nylon producers. CPDC indicated that the main purpose of the Douliou Industrial Park polymer plant to make CPL sales more stable, through Chainlon company polymerization of nylon chip high-quality technology, further into the downstream nylon industry chain, to establish a long-term sound operating nib and improve competitive advantage.

Date: 
2020/09/17