Not long ago, Hangzhou Xiaoshan another polyester factory - Hangzhou Longda Differentiated Polyester Co., Ltd. into the auction process.
Longda Group had a brilliant past.According to public information, Longda Group is a diversified, comprehensive large-scale enterprise group that focuses on polyester, logistics, real estate, trade and foreign investment. It is a large group competition 500 strong, one of the top 500 private-owned enterprises in China, top 100 enterprises in Zhejiang Province and top 100 enterprises in Hangzhou, Hangzhou, focusing on cultivating a large enterprise group.
The Group can produce different varieties and specifications of functional differential polyester chips and a number of series, hundreds of specifications of POY, FDY, DTY polyester silk products, polyester yarn annual production capacity of 180,000 tons, with an annual output of functional differentiation Polyester chips 110,000 tons, the annual output value of about 5 billion yuan scale.
In 2007, it became the turning point of Ronda Group.From the beginning of this year, the company moved to the path of large-scale expansion.To this end, Ronda Group in addition to loans to banks, but also in 2013 with Sichuan Trust issued 4.5 billion trust In the wake of the tightening of funding chains, private lending took place again, and in 2014, the funding chain broke down and was declared discontinued.
In recent years, Polyester market, similar to the Dragon Group has doomed Dragonfly, Hong Jian, Ming Fai Chemical Fiber, the sea of fiber, the South Petrochemical and other enterprises.However, some of the fortunate that some companies in 2017 Year by the industry leading companies take the plate.After this round of bankruptcy and acquisition, the concentration of the polyester industry has been further improved, the industry significantly accelerated the reshuffle.
Capacity in the game more concentrated
In 2017, expansion became a hot word in the polyester industry, and the acquisition of bankrupt enterprises was only one of the expansion models for polyester enterprises, in which Hengyi Group apparently became the typical representative.
Hengyi Group made three generous acquisitions in 2017, which will bring the Dragon, Hongjian and Minghui bags into the bag and allow the three acquisitions to be restarted within a short period of time. Through the three acquisitions, Hengyi Group's Polyester production capacity increased significantly from 2.6 million tons to 4.8 million tons, the production capacity of polyester filament increased rapidly to 1.65 million tons / year, showing a clear scale advantage.
Heng Yi Group in the vigorous and resolute to show 'constant speed' at the same time, other companies in the polyester industry are idle. By investing in differentiated fiber projects to expand production capacity, improve product quality and overall competitiveness of enterprises Become Tongkun Group, the day Sheng Group, the new Fengming Group, Baihong Group's expansion model.
The year 2017 will be the year with the largest number of construction projects and the largest total investment of Tongkun Group with a total investment of more than 6.5 billion yuan, and it is estimated that by the end of 2019, Tongkun Group will produce 6 million tons of polyester filaments annually .
In order to strengthen the scale advantage in the field of differential fiber, Xinfengming, which just entered the capital market in 2017, announced in September that it planned to acquire the shareholder of Tongchi Zhongchi Chemical Fiber Co., Ltd. (hereinafter referred to as 'Zhongchi Chemical Fiber') 25% equity of Zhongchi Chemical Fiber Co., Ltd. held by Poly Industrial Investment Co., Ltd. Zhongchi Chemical Fiber Co., Ltd. will mainly produce and sell 100% equity of Zhongchi Chemical Fiber Co., Ltd. after the completion of the transaction.
At present, the annual production capacity of Xinfengming Polyester Filament is about 2.7 million tons. Before the end of this year, the project of annual output of 600,000 tons of the second phase of the Group's stone and 280,000 tons of Zhongxin Phase II will be put into operation. The Company's polyester The production capacity of filament yarn is expected to add another 880,000 tons, and the company's annual production capacity of polyester filament yarn will increase to 3.58 million tons.
Tiansheng Group, which had been working quietly before, started to exert its power in 2017. The group not only took Southern Petrochemical for nearly RMB700 million but also entered into the equipment installation and commissioning phase of its Phase II annualized 500,000-ton differential fiber project of Tiansheng Chemical Fiber. The project is fully automatic production, with a total investment of 2 billion yuan, is expected to open the first six production lines by the end of April this year. After the completion of the project, Tiansheng Group will form an annual output of 900,000 tons of differentiated polyester fiber production capacity, is expected to achieve sales revenue 80 100 million yuan.
Baihong Group is not far behind .In April 2017, its 100-Hong Industrial Co., Ltd. announced an investment of about 222 million US dollars of polyester filament expansion plans, the plan is expected to add about 220,000 tons of annual production capacity in September 2017, its An annual output of 330,000 tons of Differentiated Fiber Project 5 settled in Longhu Town, Quanzhou, Fujian Province. The total investment of 2.5 billion yuan, is expected to be fully operational in June this year.
In the increasingly fierce competition in the market, companies can only occupy a place where they can only continue to grow in strength. From this perspective, the active layout of enterprises is like a silent battle. Although there is no scene of fighting each other, The contest quietly changed the competitive landscape of the polyester industry.
Market sentiment significantly rebounded
The positive expansion of enterprises and the entire industry is clearly inseparable from the good boom in 2017. In 2017, under the increasingly stringent environmental protection policies in the country, as well as the intensification of international trade friction and the frequent anti-dumping of polyester-related products in China, The overall prosperity of the ester market still maintained a sustained recovery trend, there has been a gratifying volume and price rise, the profitability of the polyester industry related products significantly improved.
In terms of output, according to the statistics of National Bureau of Statistics and Customs, from January to November 2017, the output of chemical fiber products in China was 45.43 million tons, up 3.08% over the same period of last year.
In terms of market conditions, polyester polyester prices generally showed a good trend in 2017. Taking the staple fiber in Jiangsu and Zhejiang Province as an example, the average price for January-December 2017 was 8,283 yuan / ton, up from 6,905 yuan / Ton, up 1378 yuan / ton, of which the highest point at 9250 yuan / ton, appeared in mid-November 2017; low at 7225 yuan / ton, appeared in mid-May 2017. 2017 year, polyester staple fiber The average profit was about 377.28 yuan / ton, an increase of 333.88 yuan / tonne compared with 43.40 yuan / ton in 2016, an increase of 7.7 times.
For the full year of 2017, the profitability of polyester-related products has also made great strides over 2016. Relevant data show that as of mid-November 2017, the average annual profit of polyester filament in our country is around RMB449 / t , Average annual profit of fiber-grade PET at 117 yuan / ton, PET-grade average annual profit of 15 yuan / ton in the vicinity.
In terms of import and export data, the import and export of polyester fiber in China are in good condition in 2017. From January to November 2017, China imported 268,800 tons of polyester fiber and exported 2.1847 million tons of polyester fiber, with 36.5731 million tons of new resources and a net increase of 3375.84% Ten thousand tons, showing a relatively strong market demand.
In the market economy rebound situation, the polyester companies have achieved good results.Currently, Hengyi Petrochemical, Xinfeng Ming and other companies have released the 2017 annual performance notice during the period, Hengyi Petrochemical is expected to be attributable to the market The net profit of the shareholders of the Company was 1.7 billion to 1.9 billion yuan, up 104.74% ~ 128.82% from the same period of previous year. Xinfengming expects to realize net profit attributable to shareholders of listed companies of 2.19 billion to 2.33 billion yuan, up 100% to 109% over the same period of last year. The Group also announced its results. In 2017, its sales surpassed 300 billion yuan to reach 307.9 billion yuan, up more than 22% from 251.6 billion yuan in 2016.
Well, the good market boom can continue in 2018? In response, the industry expressed great confidence because with the further concentration of polyester production capacity in 2017, the mainstream of the polyester factory on the market structure and price movements of the Judgment and control to further enhance, coupled with the current polyester plant generally in a state of high load, high profit, low inventory, will this year's polyester market trend to lay a good foundation.
Force full industrial chain only for stronger
Undoubtedly, in the context of improving market conditions, expansion will remain one of the hot words of 2018, followed by the competition in the polyester market will be further aggravated.
On the one hand, the production capacity of the polyester industry will increase by between 3 million and 5 million tons by 2018. On the other hand, enterprises will also place greater emphasis on the integrated control of 'quality, efficiency and cost' to enhance their overall competitiveness Based on this, extending to the upper reaches of the industrial chain has become the magic weapon for the expansion of most leading enterprises.
For example, Rongsheng Petrochemical owns CICC, with an annual output of 2 million tons of aromatics, accounting for about 11.5% of the country's total aromatic capacity. Hong Hong Kong's Hong Kong Petrochemical annual output of 1.5 million tons of PTA, at present, , Mainly to protect their own chemical fiber raw materials supply industry.
Hengyi Petrochemical is currently speeding up the construction of Brunei PMB petrochemical project, will continue to expand and strengthen the petrochemical fiber industry chain, explore the 'petrochemical +' development model, the formation of 'crude oil-PX-PTA-polyester' the whole industry chain competition .
Hengli Group is in full swing to build '20 million tons / year refining and chemical integration project' is expected to be put into operation in October 2018. By then, Hengli will achieve 'crude oil - aromatics - PTA-polyester new material - spinning - weaving 'of the complete industrial chain, the estimated annual operating income of 91.6 billion yuan.
Xinfengming will also step out to expand upstream by 2018. Recently, Zhejiang Provincial Environmental Protection Department intends to approve the EIA documents of its annual production of 2.2 million tons of PTA projects, and the relevant person in charge of the group said that with the new projects Xinfengming PTA demand from the current 2.3 million tons / year to 3.2 million tons / year The project is expected to be completed and put into operation in December 2019, the production of PTA will be all for the Xinfengming Group for their own use.
'In the past is bigger, and now is going to be stronger.' Rongsheng Holdings Chairman Li Shui-rong once said in public. In fact, the stronger has become a common voice polyester enterprises in the process of positive expansion to the upstream , The industrial chains of these enterprises continue to become more and more integrated, and their comprehensive competitiveness and voice in the industry are also constantly increasing.
In an increasingly fierce market competition, the active layout of the polyester companies as a silent battle, although not killing each other's scene, but quietly in the contest quietly changing the industry's competitive landscape.