北化股份将扩建硝化棉生产线 调整产品结构优化产业布局

Core Viewpoint - North Chemical Co., Ltd. plans to invest 296 million yuan to enhance its nitrocellulose production capacity through the construction of a new production line and safety storage project, aiming to optimize product structure and improve core competitiveness [1][2]. Group 1: Investment and Project Details - The company will establish a new production line with an annual capacity of 10,000 tons of nitrocellulose, along with supporting infrastructure, located in Nanchong, Sichuan Province, with a construction period of 24 months [1]. - The funding for the project will be sourced from the company's own resources [1]. Group 2: Market Demand and Product Applications - Nitrocellulose, a high molecular compound, is primarily used in fields such as propellants, inks, adhesives, leather oils, and nail polish, with 90% of civilian nitrocellulose products utilized in the coatings and inks market [1]. - The demand for nitrocellulose in the global market has remained stable, with a notable increase in demand for high-end printing inks in recent years [1][2]. Group 3: Company Background and Performance - North Chemical Co., Ltd. was established in 2002 and has maintained the largest production and sales volume of nitrocellulose globally since 2004, exporting to over 50 countries [2]. - The company reported a revenue of 1.131 billion yuan in the first half of 2025, a year-on-year increase of 23.82%, with nitrocellulose-related products generating 426 million yuan, up 44.03% year-on-year [2]. Group 4: Project Feasibility and Strategic Alignment - The feasibility report indicates a rising demand for export nitrocellulose and stable demand for industrial nitrocellulose used in coatings, with high-end ink applications showing growth potential [3]. - The project aligns with national industrial policies and the company's development strategy, expected to enhance nitrocellulose supply capacity and production safety, thereby improving competitiveness and generating economic and social benefits [3].