Zhongtai Chemical to issue shares.On November 16th, 2006, Xinjiang Zhongtai Chemical Co., Ltd. (Zhongtai Chemical) announces that it plans to issue up to 100 million circulative shares. The fund raised will mainly be put in its subsidiary Huatai Chemical Company for repaying loan and consideration payable by Huatai Company. Huatai Chemical Company is operating 120 000 t/a polyvinyl chloride polyvinyl chloride (PVC), thermoplastic that is a polymer of vinyl chloride. Resins of polyvinyl chloride are hard, but with the addition of plasticizers a flexible, elastic plastic can be made. (PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. ) and 100 000 t/a ion-membrane caustic soda caustic soda: see sodium hydroxide. caustic soda Sodium hydroxide (NaOH), an inorganic compound. The alkalies called caustic soda and caustic potash (potassium hydroxide) are very important industrial chemicals, with uses in the manufacture of integrated project, that was completed in March 2006 (CCR 1. CCR - condition code register. 2. CCR - (Database) concurrency control and recovery. 2006 No. 13). Its 88.3% interests are owned by Zhongtai Chemical. Located in Midong New District Chemical Park, Urumqi, Xinjiang, Zhongtai Chemical's share holder was formerly Xinjiang Chemical Group that merged into China National Chemical New Materials Corporation in October 2005, a subsidiary of China National Chemical Corporation (ChemChina). Established in 2001, Zhongtai Chemical is engaged in the production and sale of basic chemical products. Its main products are ion-membrane caustic soda, PVC, paraffin chloride, calcium chloride, hydrochloric acid, liquid chlorine, with the main business revenue and net profit of RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) 60.4 million and RMB12.7 million respectively in the first half of 2006. |
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