Lier Chemical (SZ:002258)2022-12-06 08:24Company Overview - Lier Chemical Co., Ltd. was established in 1993 by the China Engineering Physics Research Institute and is one of the first high-tech enterprises in Sichuan responding to the national military-to-civilian transition initiative [1] - The company is headquartered in Mianyang, Sichuan, with production bases in Mianyang, Nantong, and Guang'an, employing over 2,000 staff [1] Product Development - The company focuses on developing chlorinated pyridine, organophosphorus, sulfonylurea, and substituted urea pesticides, including herbicides, fungicides, and insecticides [1] - The company is currently advancing a 5,000-ton technical transformation and capacity expansion project for glyphosate, one of its main products, with good order status [2] Business Performance - The company has seen improvements in the operational performance of its subsidiary, Jiangsu Kuada, and plans to enhance product competitiveness while exploring other downstream products [2] - Lier Chemical has significantly increased its brand formulation sales in recent years, establishing a strong domestic influence [2] Infrastructure and Expansion - The Guang'an project is progressing steadily, with the company actively applying for pesticide production qualifications and completing major infrastructure construction [2] Research and Development - The company's technology center is recognized as a national enterprise technology center, possessing considerable technical strength and continuously developing new products and technologies aligned with industry trends [2][3] Environmental Responsibility - Lier Chemical emphasizes the importance of environmental protection and has committed to harmonizing corporate development with social and environmental sustainability [3] Future Plans - The company aims to maintain its core business while enhancing the competitive advantage of its pyridine herbicide products and advancing glyphosate and other fine chemical products for sustainable development [3] Employee Incentives - Currently, there are no specific plans for equity incentives, but a long-term incentive plan for core employees was approved in 2013 to motivate key personnel and ensure sustainable development [3]