Xinghui Vehicle Simulation Holdings Shantou SK Polystyrene Factory

Shantou Toys Corporation Xinghui Vehicle Simulated the Acquisition of Most Shares of ASK Industrial (Shantou) Polyphenylene Resin Co., Ltd. held by South Korea's SK Networks Co., Ltd. through the payment of RMB 216 million in cash, thus achieving the upstream of the industrial chain. expansion.

Xinghui intends to purchase 67.375% of the shares of Aishida Kaitou, and the remaining shares will continue to be held by South Korea's SKN. The plan still needs the review and approval of the shareholders' meeting of the listed company and the approval of the China Securities Regulatory Commission.

ASI Kaitou mainly produces GPPS (General Purpose Polystyrene) and HIPS (High Impact Polystyrene), and its main applications are toys, household appliances and daily-use products. There are three production lines with a total annual capacity of 150,000 tons.

The total assets and operating income of Aisi Kaitou in the 2010 audited consolidated financial statements were 8.5967 trillion yuan and 1.59826 billion yuan, which accounted for 114.85% and 492.53% of Xinghui vehicle model respectively for the same period.

Although the gross profit margin of the acquisition target is lower than the gross margin of the company's existing products, it will help improve the industrial chain layout and reduce the pressure on the supply side.

SK Networks is a subsidiary of SK Group in South Korea and acquired Shantou Polystyrene Plant in May 2007.

Boiler Economizer


Boiler Economizer ( Sometimes Called Economiser ) is the Energy improving device that helps to reduce the cost of operation by saving the fuel.


The economizer in Boiler tends to make the system more energy efficient.

In boilers, economizers are generally Heat Exchangers which are designed to exchange heat with the fluid, generally water.

It has different types, such as bare tube economizer,Fin Tube Economizer, Cast Iron Economizer,etc.

Economiser In Boiler,Economiser In Thermal Power Plant,Economizer In Thermal Power Plant,Economiser Is Used To Heat

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