Zoomlion set up a subsidiary of 2.1 billion in environmental sanitation machinery

After announcing its plans to aggressively enter the sanitation vehicle market, Zoomlion began to integrate its environmental sanitation machinery business structure. The company announced that it will invest in the establishment of a wholly-owned subsidiary of Zoomlion Sanitation Machinery Co. , Ltd. in Changsha, with a registered capital of RMB 2.1 billion, and Zoomlion holds 100% of the equity of Sanitation Machinery Company.

Sanitation machinery is a weak cycle market, and downstream demand customers are mainly municipal procurement, powerful enterprise groups, and airports. From the middle of last year, Zoomlion announced that it was the first to deploy environmental sanitation machinery. According to public information, the sales volume of this business in 2003 was 2-3 billion yuan, and it reached 2.0-3 billion yuan in 2010. Currently, Zoomlion’s market share in the national sanitation machinery sector is 60%, and it is in an absolute leading position.

Zoomlion stated in the announcement that it will invest RMB 2.1 billion in cash and set up a wholly-owned subsidiary Sanitation Machinery Company. After the establishment of the environmental sanitation machinery company, Zoomlion will transfer the assets related to the environmental sanitation machinery business to them, and the transfer price is the book value of these assets as of January 31, 2012 totaling approximately RMB 1,943.28 million. After the transfer is completed, the environmental sanitation machinery business of Zoomlion will complete the conversion from branch to wholly-owned subsidiary.

Rubber And Plastic

Pvc Resin ,as part of Rubber And Plastic,is one of thermoplastic.We have suspension grade and emulsion grade.Pvc Paste Resin is emulsioin grade with excellent transparency,thermal stability, water resistance and weather resistance.Pvc resin suspension grade such as Pvc Resin Sg5,Pvc Resin K67 is widely used for pipe or fittings.It has a better quality of mechanic features, Ethylene-Vinyl Acetate anticorrosion, dielectric, Boric Acid Flakes and anti-chemicals.PVC resin can be processed into various plastic products. It can be divided into soft and hard products according to its application. It is mainly used to produce transparent sheets, pipe fittings, gold cards, blood transfusion equipment, soft and hard tubes, plates, doors and windows. Profiles, films, electrical insulation materials, cable jackets, blood transfusions, etc.PVC resin (polyvinylchlorid, referred to as PVC), Rubber And Plastic,Pvc Resin Pipe,Plastic Pvc Resin,Pvc Resin Polyvinyl Chloride the main component is polyvinyl chloride, in addition to other components to enhance its heat resistance, toughness, ductility and so on. It is a popular and widely used synthetic material in the world today. Its global use ranks second among synthetic materials.

Rubber And Plastic,Pvc Resin Pipe,Plastic Pvc Resin,Pvc Resin Polyvinyl Chloride

HENAN LIHAO CHEM PLANT LIMITED , https://www.lihaoche.com