Recently, Qecheng Silicon Chemical Co., Ltd. disclosed at its first-half results briefing that in view of the gradual recovery of China's tire industry this year, especially the booming production and sales of large tire companies, the company's main product, white carbon black. Demand is growing rapidly. At the same time, the production capacity load of the company's subsidiaries in Thailand has also continued to increase, contributing a lot to the company's production growth.
Qicheng Silicon Chemical Co., Ltd. is currently in progress with an IPO fundraising project, aiming to build a production project with an annual output of 75,000 tons of white carbon black, which is expected to be fully completed before the end of 2024. This move is expected to meet the growing market demand for silica products.
In addition, the company has also completed the overhaul of two sodium silicate raw material production lines. The capacity utilization rate of sodium silicate can be flexibly adjusted based on the company's white carbon black output. This strategy is expected to maintain efficient and stable production during market fluctuations.
