Tianji Group ushers in new projects
Updated: 2012-07-31
Tianji Group, a leading fertilizer enterprise with an annual output of more than 1.7 million tons of nitro fertilizers and nitro chemical products in Shanxi province, has invested 560 million yuan ($87.8 million) into two projects.
These two projects are based on successful models of industrial transformation. The first project is a production project which is expected to yield 250,000 tons of calcium ammonium and is expected to go into operation in July. The second project is an aniline project with an expected annual output of 130,000 tons. This project is currently in the mop-up stage of construction.
The completion of these projects will bring an increase of over two billion yuan ($313.8 million) of industrial output, creating a profit of more than 300 million yuan ($40.1 million). These projects take advantage of new technology and the rich coal resources in Shanxi Province.
Tianji Group focuses on special fertilizers, nitro chemicals, fine chemicals and new materials, and energy and petrochemical products. These products will help to build a modern R&D base of technology and create a new industrial cluster of coal chemicals, according to Wang Guangbiao, President of the group.
Wang's confidence comes from the group's objective judgment and rational analysis of its own technical competitiveness and external resources.
From its perspective, Tianji Group is among the earliest enterprises that utilize gasification technology to produce synthetic ammonia. Regarding external factors, Shanxi Province has been long known as "a land of coal". The combination of these two advantages will certainly help the group develop significantly during this transformation period.