Dow technology overweight lithium battery material layout for 1.5 billion Yuan

SMM net news: today The battery Magazine - on April 24, Dow technology announcement, to buy good subsidiary, energy and Qingdao HaoXin residual equity, market price amounted to 1.503 billion Yuan.

Announcement shows that good energy as domestic important cobalt product supplier, set up more than a decade has been focused on by wet smelting craft production cobalt salt products, and through technology and product research and development to product line to expand into the Downstream ternary precursor. Qingdao HaoXin manufacturers, is the domestic important conductive agent in conductive material industry in the domestic leading position, the main products for graphene conductive agent and carbon nanotube conductive agent, department The lithium batteryConductive intensifier.

Dow technology since 2016 positive new energy materials industry layout, successively invested and holding Qingdao HaoXin thereof energy. In 2017, the Dow technology public issuance of convertible bonds to raise funds for the construction of "comprehensive development and utilization of the lithium mica industrialization projects", the project with lithium mica as raw material to produce lithium carbonate. At this point, Dow technology in Lithium electricityPool materials has formed a complete industrial chain.

In May 2015, promulgated by the state council "made in China 2025" will be "new energy vehicles" and "graphene" as a key development areas; Released in October 2016, the ministry of the non-ferrous metals industry development planning (2016-2020), clearly put forward the "needs of energy storage and new energy vehicles, and other fields, focusing on the large capacity of long life Energy storage batteryCathode materials, anode materials, high performance copper foil and aluminum foil, and low cost high quality battery grade lithium carbonate, such as ternary precursor ";In November 2017, the national development and reform commission issued "enhances the core competitiveness of the manufacturing plan of action three years (2018-2020)", the "graphene" into the focus of new material industrialization of key technologies. Countries, therefore, for new energy vehicles and batteries, graphene materials and other supporting industries attaches great importance to, the subsidy policy greatly promoted the development of new energy automotive industry, which is beautiful, energy and the development of Qingdao HaoXin create good external conditions.

In 2016, 2017, jia's energy business income is 688 million Yuan and 1.35 billion Yuan respectively, net profit is 31.7792 million Yuan and 238 million dollars respectively; Qingdao HaoXin business income is 62.368 million Yuan and 113 million Yuan respectively, net income of 16.12 million Yuan and 23.98 million Yuan respectively, results showed a trend of rapid growth.

New energy vehicles upstream cobalt and lithium battery industry to develop the driver and conductive agent products consumption growth, as an important supplier of their respective fields, good energy and Qingdao HaoXin with its strong technical reserves, a stable big customer channel and efficient management team, grasp the market opportunities, share industry development dividends.

In order to further strengthen the control of two subsidiaries, further optimizes the allocation of internal resources, give full play to the synergy of the business, through consultations between trading parties, Dow is investment and new technology to hualian holdings (000036) to buy its total issued shares owns a 49% stake in better, energy, trade the price of 1.323 billion Yuan; Plan the Wang Lianchen and Dong Angang, pay the weichen cash to buy its total issued shares held 45% stake in Qingdao HaoXin transaction price of 180 million Yuan. After completion of the transaction, good energy and Qingdao HaoXin will become a wholly owned subsidiary of Dow technology.

Dow technology, said the deal is the company to further deepen the strategic layout of the new energy materials industry.

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