Another Textile Giant Is Born. Heng Shen Group Will Become The Largest Supplier Of Caprolactam In The World By Opening Up Cross-Border Mergers And Acquisitions.

At 2:26 p.m. in Holland time on May 17, 2018, Heng Shen Holding Group Co., Ltd. (hereinafter referred to as "Heng Shen group") formally announced the acquisition of Fibrant (Forbont) caprolactam and related businesses, and signed an equity paction agreement with the seller. The acquisition is expected to be completed in the third quarter of 2018.

It is reported that the hang Shen group intends to acquire Fibrant B.V. (Fubon limited, "Europe fubt") and 60% of FibrantChina Limited (Nanjing fubente orient Chemical Co., Ltd., "Nanjing fubant") shares, including the acquisition of the original factory in the former European company, 280 thousand tons of caprolactam production plant, 320 thousand tons of phenol cyclohexanone production plant, and 400 thousand tons of caprolactam production plant in Nanjing Forbont (original Nanjing East), including phenol technology, cyclohexanone production process, HPO PLUS caprolactam production technology, ammonium sulfate large particle technology and other intellectual property rights.

After the completion of the acquisition, the hang Shen group will have the world's most environmentally friendly, leading and most economical caprolactam production technology, with capacity of 1 million 80 thousand tons / year, becoming the world's largest supplier of caprolactam and ammonium sulphate, changing the global layout of caprolactam, and will have a profound impact on enhancing the overall competitiveness of Heng Shen group in the chemical fiber industry and the competitiveness of China in the international market of caprolactam.

Caprolactam is the main raw material for producing polyamide chips, and can be processed into nylon.

Engineering plastics and plastic films are widely used in machinery, automobile, chemical equipment, aviation, metallurgy and other fields.

The century old royal Dsm company in Holland is active in the world of health, nutrition and materials. It is the world's leading manufacturer of caprolactam and has advanced caprolactam production process.

Heng Shen group has many entities, such as Shen Yuanxin materials, Heng Shen synthetic fiber, Li Heng nylon and so on. It has been the first in the world to complete the integration of polyamide from caprolactam to the whole industry chain of dyeing and finishing. It is the world's largest headquarters of synthetic fiber technology and ecology.

The brand value is about 10 billion yuan, the Group employs more than 5000 people, and its business partners exceed 3000, covering more than 60 countries and regions. In 2017, the total capacity of Heng Shen group exceeded 1 million 385 thousand tons, achieving 28 billion 600 million yuan of output value, and Shen Yuanxin of Heng Shen group in 2017.

The first phase of an annual production of 400 thousand tons of polyamide integrated project was successful, and greatly enhanced its overall competitiveness in the chemical fiber industry.

Chen Jianlong, chairman of Heng Shen holding group, delivered a speech at the merger and acquisition site.

Heng Shen group responsible person said that through the acquisition of overseas, hang Shen and international

After the completion of the acquisition, Heng Shen group will further increase its R & D investment, set up the European technology research center, strengthen communication between technology and personnel, and enhance the soft power of innovation.

In the future, the hang Shen group will step forward and provide a more comprehensive and effective solution to the global caprolactam value chain by integrating overseas assets, know-how and global market resources, so as to win the world reputation for Chinese brands.