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Yongdong Chemical put 120,000 tons/year of carbon black line into operation

On May 3, Shandong Yongdong Chemical Co.,Ltd announced its 120,000 tons/year of carbon black production line and 18,000KW of electricity generator using waste gas has come into operation, which is its IPO financing project.

In 2017, Yongdong Chemical realized 1.99 billion yuan of operation income, year-on-year rising by 81.1%, and 237 million yuan of net belonging to shareholders, yearly jumping 199.21%.

The company predicted that it will realize 142-188 million yuan of net profit in the first half year of 2018, increasing 49-97.27% compared to last year's 95,299,800 yuan.

Yongdong Chemicals founded in 2000, mainly produce and sale carbon black and coal chemical productions.

Tireworld