Lier Chemical (SZ:002258)2022-12-05 01:52Group 1: Company Overview - Lier Chemical Co., Ltd. was established in 1993 and is a high-tech enterprise responding to the national military-to-civilian transition initiative, with its headquarters in Mianyang, Sichuan Province [2] - The company has over 2,000 employees and operates three production bases located in Mianyang, Nantong, and Guang'an [2] Group 2: Production Capacity and Projects - The Guang'an base is set to produce 10,000 tons/year of glyphosate, 1,000 tons/year of prometryn, and 1,000 tons/year of fluazinam, with operations expected to commence around 2019 [3] - The company is the largest producer of glyphosate in China, with a current production capacity of 5,000 tons/year at its Mianyang facility, aiming to increase total capacity to 15,000 tons/year post Guang'an base completion [3] Group 3: Market and Product Development - Since 2006, Lier has been expanding its domestic market presence, achieving significant growth in brand formulation sales and establishing a notable influence in the market [3] - The company is focused on enhancing its formulation business to complement its raw material production, having completed capital increase and restructuring for its formulation subsidiary [4] Group 4: Environmental Responsibility - Lier Chemical emphasizes safety and environmental protection, continuously investing in upgrading waste treatment facilities and optimizing production processes to reduce emissions [4] Group 5: Financial and Investment Activities - Zhongtong Investment has reduced its shareholding primarily to realize some investment returns, with ongoing communication regarding this matter [4] - The company is advancing its convertible bond refinancing process, having approved and disclosed the plan, and is currently undergoing state-owned asset approval procedures [4] Group 6: Research and Development - The company's technology center is recognized as a national enterprise technology center, focusing on the development of new products and technologies aligned with industry trends for long-term growth [4]