The reporter learned from the China Chlor-Alkali Industry Association on February 26 that the domestic chlor-alkali industry will be supported by related industries such as machinery, building materials, light industry, and textiles, and the growth rate of the output of major products is expected to exceed 10%. However, in order to achieve healthy and sustainable development, the chlor-alkali industry urgently needs to solve the problem of overcapacity and excessive industrial concentration.
It is understood that the problem of structural overcapacity in the chlor-alkali industry is more serious. According to the statistics from the Chlor-Alkali Association, only in 2010, new capacity of suspended PVC plants was planned to be 4.44 million tons/year, the capacity of new PVC paste resin devices was increased to 145,000 tons/year, and the capacity of new caustic soda devices was increased to 597.5. 10,000 tons/year. The chlor-alkali association predicts that only 40% to 50% of the above planned projects are expected to be put into operation on schedule.
In addition, the lack of industry concentration is also an internal resistance to the development of the industry. In 2009, under the background of unfavorable macroeconomic environment, the chlor-alkali industry has seen some cases of mergers and acquisitions between companies. These cases indicate that the resource allocation methods and business development models of the chlor-alkali industry are beginning to change. According to Zhang Wenlei, secretary-general of the Chlor-Alkali Association, this year, mergers and reorganizations characterized by the reconfiguration of industry resources will be carried out in a wider range, which is expected to increase the industrial concentration of the chlor-alkali industry. In addition, a series of industrial policies centered on low carbon will also further promote industrial restructuring of the chlor-alkali industry.
Zhang Wenlei also said that the impact of the financial capital market on the chlor-alkali industry will gradually deepen. With the gradual maturity of the PVC futures market and the increasing number of listed companies in the chlor-alkali industry, and the fact that more and more financial capital has entered the chlor-alkali industry in succession since 2009, more and more financial capital will be realized for value preservation and value increase, these will all affect the future. The development pattern of the chlor-alkali industry has far-reaching effects.
It is understood that the problem of structural overcapacity in the chlor-alkali industry is more serious. According to the statistics from the Chlor-Alkali Association, only in 2010, new capacity of suspended PVC plants was planned to be 4.44 million tons/year, the capacity of new PVC paste resin devices was increased to 145,000 tons/year, and the capacity of new caustic soda devices was increased to 597.5. 10,000 tons/year. The chlor-alkali association predicts that only 40% to 50% of the above planned projects are expected to be put into operation on schedule.
In addition, the lack of industry concentration is also an internal resistance to the development of the industry. In 2009, under the background of unfavorable macroeconomic environment, the chlor-alkali industry has seen some cases of mergers and acquisitions between companies. These cases indicate that the resource allocation methods and business development models of the chlor-alkali industry are beginning to change. According to Zhang Wenlei, secretary-general of the Chlor-Alkali Association, this year, mergers and reorganizations characterized by the reconfiguration of industry resources will be carried out in a wider range, which is expected to increase the industrial concentration of the chlor-alkali industry. In addition, a series of industrial policies centered on low carbon will also further promote industrial restructuring of the chlor-alkali industry.
Zhang Wenlei also said that the impact of the financial capital market on the chlor-alkali industry will gradually deepen. With the gradual maturity of the PVC futures market and the increasing number of listed companies in the chlor-alkali industry, and the fact that more and more financial capital has entered the chlor-alkali industry in succession since 2009, more and more financial capital will be realized for value preservation and value increase, these will all affect the future. The development pattern of the chlor-alkali industry has far-reaching effects.
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