Prosperity Investment Holdings Limited announced on Aug 15th that the company invested in Yantai Juli Isocyanic Ester Co., Ltd through purchasing shares of its sharholder China Juli Fine Chemical Co., Ltdm, with total investment around Rmb 26 million.
According to the announcement, China Juli Fine Chemical owned 100% share of Yantai Juli Isocyanic Ester, whose TDI output in 2008 totaled 19,000 tons, up 146% year-on-year, with sales of Rmb 500 million, climbing up by 119% year-on-year.
Cheng Hairong, president and executive director of Prosperity Investment Holdings said that the share participation was regarded as a milestone for the company. There was broad prospects for domestic TDI market as demand reached around 300-350 kt/y while output was less than 200 kt/y.
According to the announcement, China Juli Fine Chemical owned 100% share of Yantai Juli Isocyanic Ester, whose TDI output in 2008 totaled 19,000 tons, up 146% year-on-year, with sales of Rmb 500 million, climbing up by 119% year-on-year.
Cheng Hairong, president and executive director of Prosperity Investment Holdings said that the share participation was regarded as a milestone for the company. There was broad prospects for domestic TDI market as demand reached around 300-350 kt/y while output was less than 200 kt/y.
