On December 30, 2022, Jinchuan Group held the Seventh Workers' Congress of the Eighth Session, emphasizing anchoring the goal of 100 billion yuan and expanding the chemical industry, requiring Jinchuan Chemical and Jinni to coordinate operations and plan the industry as a whole. Jinchuan Group Co., Ltd. acquired the equity of Jinchang Cement (Group) Co., Ltd.—finally the truth came to light. Jinchuan Group's plan to acquire 51.83% of Jinchang SASAC's equity in Jinni Group has completed the equity delivery in December 2022. So far, Jinchuan Group has achieved a controlling stake in Jinni.

It is a major event in Jinchang's development history that a provincial non-ferrous enterprise acquires a municipal building material enterprise. Relying on the mining and smelting of non-ferrous metals, Jinchang's chlor-alkali chemical industry supply chain, which has been operated and maintained for many years, will become more complete and stable, and it is expected to bear more fruit.

Jinchuan and Jinni: Long-term cooperation and close relationship

Jinni is a backbone enterprise in the cement industry in Gansu Province and an important building materials and chemical production base in Jinchang area. It currently has three major industrial sectors: cement building materials, chlor-alkali chemical industry, and ammonia-alkali chemical industry. Its main product production system is running well and its operation is stable. In 2022, it will realize an output value of 2.77 billion yuan, a year-on-year increase of 6.62%; realize profits and taxes of 291 million yuan, a year-on-year increase of 24.36%.

As a backbone enterprise in China's nonferrous metals industry and a leader in Gansu's industrial powerhouse, Jinchuan Group has continued to promote the green upgrading of traditional industries such as nickel, copper, cobalt, and platinum group precious metals since the new era, while accelerating the transformation to new energy and new materials, and striving to build its main business Prominent, multi-polar support, synergistic and symbiotic modern industrial system and new material industry pattern.

The industrial cooperation between Jinchuan and Jinni has a long history. Since the establishment of Jinni, the two parties have built a close relationship of high dependence and mutual benefit. At present, 70% of cement, 100% of acetylene, and 60% of soda ash are supplied to Jinchuan, and the solid waste such as fly ash and desulfurized gypsum produced in Jinchuan is disposed of by Jinni, and the raw materials of the products are complementary.

Based on the principle of complementary advantages and coordinated development, the two parties respectively construct PVC, calcium carbide, acetylene and other supporting projects, and build the PVC, caustic soda, calcium carbide, and acetylene chlor-alkali chemical industry chain in Jinchang area.

After the integration is completed, the gold mud calcium carbide and acetylene production systems will be more deeply integrated into the Jinchuan Group's chlor-alkali chemical industry chain to achieve integrated operation and become the source of raw materials for PVC production equipment; the produced PVC will in turn drive the linkage between other links in the industrial chain; acetylene— The circular industrial chain of PVC-carbide slag-gold mud dry process cement-underground filling of Jinchuan Group mines will be fully opened up.

People familiar with the matter said that the acquisition of Jinni’s equity, the integration of chemical companies in the Jinchang area, the construction of a complete chlor-alkali chemical industry chain, and the expansion of the industrial scale are in line with the development plan of the Jinchuan Group’s chemical industry; follow-up development of compound fertilizers, biodegradable, new engineering plastics, Strategic emerging chemical materials such as key raw materials for new energy to achieve synergistic effects.

Li Shangyong, general manager and deputy secretary of the party committee of Jinchuan Group, pointed out that this acquisition is an active exploration of Jinchuan to play the leading role of the main enterprise in the chlor-alkali chemical industry chain in Gansu Province, and to promote chain extension, supplementary chain, and strong chain.

The main product of gold mud is highly related to the main business of Jinchuan Group. The organic integration of the two enterprises "will help to further improve the existing circular economy industrial system and improve efficiency; it will help further overall planning and give birth to a new industrial chain." Gan Xianfu, chairman of Jinni Company, said that the output value of Jinni in 2023 is expected to Exceeded 3 billion yuan, and the output of calcium carbide exceeded 300,000 tons.

Jinchuan Chemical: One enterprise brings one chain, and one chain forms a piece

In recent years, Jinchuan Group, in accordance with the instructions of General Secretary Xi Jinping to "strengthen the leader, supplement the chain, and gather groups", has given full play to the driving effect of the leading enterprises in the chain, and has made every effort to fight the tough battle of upgrading the industrial foundation and modernizing the industrial chain, and continuously promoting the deep integration of the industry into the future. A new development pattern in which the domestic cycle is the mainstay and the domestic and international dual cycles promote each other.

Taking the chlor-alkali chemical industry as the leader, Jinchuan leads the sulfur-phosphorus chemical industry, fluorine chemical industry, and coal chemical industry in the industrial chain to jointly build a solid circular economic network; actively seize the opportunity of the westward migration policy of the chemical industry, focusing on high-end chemical products and fine chemicals Chemicals, through the comprehensive utilization of acid and alkali resources and the downstream deep processing of PVC, create a product terminal market, improve local consumption capacity and profitability, and open a new situation for the high-quality development of Jinchuan's chemical industry.

At present, the chlorine gas of the 200,000-ton/year ionic membrane caustic soda project can meet the needs of many surrounding units and the internal needs of the group. "The caustic soda products not only guarantee the supply, but also realize export." The relevant person in charge of the marketing and trade department of Jinchuan Group Chemical Company introduced.

During the interview, it was learned that around the "extension, replenishment, and strengthening" of the industrial chain and the chlor-alkali industrial chain reaching the production and standard, Jinchuan Group Chemical Company completed the legacy project of the second phase of caustic soda and the subsequent 60,000 tons/year PVC project construction, revitalizing 200,000 tons /year ionic membrane caustic soda project and New Hope Chemical's idle assets of 200,000 tons/year PVC and 100,000 tons/year potassium sulfate; at present, the development and research of comprehensive utilization of chlorine resources, fluorine chemical industry, calcium carbide acetylene and other industries are being actively carried out, and they are moving towards opening up Continue to work hard to increase product sales and achieve the goal of diversified development.

According to the data, a series of "combined punches" from the Jinchuan chemical industry chain have created a total of 580 new jobs. In 2022, the annual operating income will be 3.72 billion yuan, with remarkable economic and social benefits.

The achievements are inseparable from the support and high expectations of the management department. The State-owned Assets Supervision and Administration Commission of the provincial government's "Provincial Enterprises to Promote the Development of the Industrial Chain's Work Points in 2022" clearly requires Jinchuan to "deeply promote the integration and reorganization of upstream chlor-alkali chemical companies such as Jinni".

Integrating gold mud into Jinchuan Chemical and establishing a continuous, complete and systematic production and operation management system has significant practical significance for deepening local-enterprise cooperation and driving high-quality local economic and social development, and will effectively promote Jinchuan Group's goal of "double revenue and output value" realization. Wang Yongqian, secretary of the party committee and chairman of Jinchuan Group, said that as a large state-owned enterprise and the main unit of the chain in Gansu Province, Jinchuan should put strengthening the resilience and competitiveness of the industrial chain in an important position, and strive to build a more independent, controllable, safer and more efficient industrial chain. Supply chain, comprehensively accelerate the pace of building a world-class enterprise. Editor/He Yuting