A few days ago, Hubei Yichang Xingfa Group unveiled a series of five key initiatives aimed at strengthening its long-term development strategy. These measures are designed to align with the provincial "Eleventh Five-Year Plan" and position the Xingfa Group as a leading base for fine chemical production in China.
The company's strategic goals include achieving sales revenue of 2 billion yuan in 2006, with profits and taxes reaching 250 million yuan and export earnings hitting 100 million U.S. dollars. By 2010, the group aims to produce 1 million tons of fine phosphorus chemicals annually, supply 500,000 tons of feed calcium, and generate 5 billion yuan in sales revenue. Profits and taxes are expected to reach 2 billion yuan, while exports could hit 400 million U.S. dollars, solidifying its status as one of China’s most powerful and globally recognized phosphorus chemical production centers.
Under the "Eleventh Five-Year Plan," the five major initiatives include: First, accelerating the construction of the Fine Phosphorus Chemical Industry Park in Yiting District, Yichang. The focus will be on modern biological pesticides, with plans to build facilities producing 50,000 tons of glyphosate and 50,000 tons of organic silicon and phosphorus. Additionally, the acquisition of 300,000 tons of feed calcium from Gefeng Chemical Plant has been completed.
Second, the company is speeding up the development of the Baokang Concentrate and Wet-Process Phosphoric Acid Industrial Park, with an investment of 1.2 billion yuan. This will focus on building a 2-million-ton mineral processing project and a 100,000-ton wet-process phosphoric acid plant.
Third, the Shennongjia Mining and Small Hydropower Industrial Park is being developed with an investment of 400 million yuan. The project includes a 200,000-ton phosphate rock mine and a 60,000-kilowatt Yuquanhe small hydropower plant. This area will become a key raw material base for phosphate and an energy hub, promoting the integration of electricity and mineral resources.
Fourth, the Pingyaokou Fine Inorganic Phosphate Industrial Park is being accelerated, focusing on food-grade phosphorus products to create a high-quality export-oriented production base.
Lastly, the company is actively expanding its business by collaborating with Wuhan Inorganic Salt Company and planning to enter the Yunnan and Guizhou regions at the right time. These steps reflect a comprehensive and forward-looking approach to growth and industry leadership.
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