Atlantic ten thousand tons flux cored wire production line
2012-07-22 by seoer8
Atlantic in 2009, issuance of convertible corporate bonds to raise funds for 265 million yuan into the new four tons of Welding Electrode. Among them, a million tons of flux cored wire production line in 2009 started construction recently successfully completed and commissioned, has basically reached the design capacity, company flux cored wire (including the original ton production line) with an annual output capacity of more than two tons.
Currently, the state continued to expand consumer demand and investment in infrastructure, will push forward the development of the company downstream industry (cars, ships, petrochemicals, machinery manufacturing, etc.). Company general manager Li Xin Yu said at the meeting at the 2009 annual results online investors exchange, 2010, the company will focus on the layout of the four projects. Including 10,000 tons submerged arc welding wire expansion project to be completed before the end of March; before the end of April to complete the expansion and reconstruction of 30,000 tons of ordinary electrode; completed during the year to add 10,000 tons of Welding Flux expansion project; year new 20,000 tons of gas shielded solid wires and expansion.
2009 Annual Report data show that the company achieved operating income during the reporting period of 1.959 billion yuan, down 7.04 percent over the previous year; operating profit of 103 million yuan, an increase of 42.96% over the previous year; net profit of 85.9715 million yuan over the previous year an increase of 46.68%. The company said it expected annual total output of 400,000 tons, the sales income of 2.238 billion yuan, total profit of 103 million yuan in 2010.