A few days ago, Hubei Yichang Xingfa Group proposed the implementation of five major measures to strengthen the company's development plan in order to implement the provincial “Eleventh Five-Year Plan†to put the Xingfa Group into an important fine chemical production base in China.
The plan proposes that we will strive to achieve sales revenue of 2 billion yuan in 2006, profits and taxes of 250 million yuan, export earnings of 100 million US dollars; 2010 annual production of 1 million tons of fine phosphorus chemical products, feed 500,000 tons of calcium, annual sales income of 5 billion yuan Profits and taxes of 2 billion yuan, exports of 400 million U.S. dollars, China's most powerful, world-renowned phosphorus chemical production base.
The five major measures in the “Eleventh Five-Year Plan†period of Xingfa Group are as follows: First, speed up the construction of the Fine Phosphorus Chemical Industry Park in Yiting District, Yichang, focus on modern biological pesticides, and focus on building 50,000 tons of glyphosate and 50,000 tons of organic silicon and phosphorus. In the flame retardant project, the acquisition of 300,000 tons of feed calcium in Gefeng Chemical Plant was completed; the second was to accelerate the construction of Baokang Concentrate and Wet-Process Phosphoric Acid Industrial Park, and the investment of 1.2 billion yuan focused on the construction of 2 million tons of mineral processing projects and 100,000 tons of wet-process phosphoric acid projects. Third, speed up the construction of the Shennongjia Mining and Small Hydropower Industrial Park. Invest 400 million yuan, focusing on the construction of a 200,000-ton phosphate rock mine and the development of a 60,000-kilowatt Yuquanhe small hydropower plant. Build the area into a phosphate rock raw material base and an energy base to realize the integration of electricity and mineral resources. The fourth is to speed up the construction of the Pingyaokou Fine Inorganic Phosphate Industrial Park. Focusing on food-grade phosphorous products, we will build a quality product base for export-oriented foreign exchange earnings. Fifth, we will actively expand our development space, accelerate our joint efforts with Wuhan Inorganic Salt Company, and move into Yunnan and Guizhou at an appropriate time.
The plan proposes that we will strive to achieve sales revenue of 2 billion yuan in 2006, profits and taxes of 250 million yuan, export earnings of 100 million US dollars; 2010 annual production of 1 million tons of fine phosphorus chemical products, feed 500,000 tons of calcium, annual sales income of 5 billion yuan Profits and taxes of 2 billion yuan, exports of 400 million U.S. dollars, China's most powerful, world-renowned phosphorus chemical production base.
The five major measures in the “Eleventh Five-Year Plan†period of Xingfa Group are as follows: First, speed up the construction of the Fine Phosphorus Chemical Industry Park in Yiting District, Yichang, focus on modern biological pesticides, and focus on building 50,000 tons of glyphosate and 50,000 tons of organic silicon and phosphorus. In the flame retardant project, the acquisition of 300,000 tons of feed calcium in Gefeng Chemical Plant was completed; the second was to accelerate the construction of Baokang Concentrate and Wet-Process Phosphoric Acid Industrial Park, and the investment of 1.2 billion yuan focused on the construction of 2 million tons of mineral processing projects and 100,000 tons of wet-process phosphoric acid projects. Third, speed up the construction of the Shennongjia Mining and Small Hydropower Industrial Park. Invest 400 million yuan, focusing on the construction of a 200,000-ton phosphate rock mine and the development of a 60,000-kilowatt Yuquanhe small hydropower plant. Build the area into a phosphate rock raw material base and an energy base to realize the integration of electricity and mineral resources. The fourth is to speed up the construction of the Pingyaokou Fine Inorganic Phosphate Industrial Park. Focusing on food-grade phosphorous products, we will build a quality product base for export-oriented foreign exchange earnings. Fifth, we will actively expand our development space, accelerate our joint efforts with Wuhan Inorganic Salt Company, and move into Yunnan and Guizhou at an appropriate time.
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