In order to meet the market demand of battery aluminum foil products and further expand the company's lithium battery aluminum foil industry, the company plans to invest in the construction of an annual low-carbon high-end battery aluminum foil project with an annual production capacity of 100000 tons in Yidu, Hubei Province, with a total investment of no more than 2.71 billion yuan.
According to the announcement, the construction period of the high-end battery aluminum foil project is 36 months, and the project is divided into two phases. The first and second phases of the project are both construction projects with an annual production capacity of 50,000 tons of low-carbon high-end battery aluminum foil. The first phase of the project is expected to be put into production in 2023. The second phase of the project is expected to be put into production in 2025.
It is worth noting that Dongyang Guangke, formerly known as Dongyang Guangke, belongs to Dongyang Group, and currently its main business includes aluminum processing new materials, chemical industry and pharmaceutical manufacturing. Due to the sharp drop in anti-influenza prescription drug consumption after the epidemic, the pharmaceutical sector is losing money, and the company is divesting the pharmaceutical sector.
In November 2021, Dongyang announced that it planned to sell 226 million domestic shares of Dongyang Guangyao to Guangzhou Pharmaceutical and 226 million H shares of Dongyang Guangyao "fully circulated" shares to Hong Kong Dongyang Pharmaceutical, a wholly owned subsidiary of Guangzhou Pharmaceutical. A total of 452 million shares are proposed to be transferred, accounting for about 51.41 per cent of the total share capital of Dongyang Guangyao. After friendly negotiation, it is determined that the trading price of Dongyang Guangyao shares in this transaction is 3.723 billion yuan.
Dongyang said that through this transaction, will no longer engage in the production and sales of pharmaceutical-related products; On the basis of tamping the existing "electronic light foil-electrode foil-aluminum electrolytic capacitor" integrated electronic new material industry chain, air conditioning heat exchanger industry chain and chlorofluorine circular economy industry chain, the company will deepen the integration of the upper and lower reaches of the relevant industrial chain and actively expand new business in new energy fields such as frequency conversion energy storage and new energy vehicles.
Battery network learned that Dongyang's current business layout in the field of new energy mainly involves electronic light foil, electrode foil, aluminum electrolytic capacitor, battery aluminum foil, PVDF and other fields.
Among them, in terms of aluminum electrolytic capacitors, in October 2021, East Sunshine also announced large-scale production expansion plans: to sign the "Aluminum Electrolytic Capacitor Project Cooperation Agreement" with the management committee of Dongyang Economic Development Zone of Zhejiang Province on the company's investment in the construction of aluminum electrolytic capacitors and supercapacitors production base in Dongyang Economic Development Zone, the investment amount shall not exceed 2 billion yuan.
In terms of PVDF, Zheshang Securities believes that due to the explosive growth of new energy vehicles and energy storage, the global demand for PVDF for lithium batteries is expected to grow six times in five years. At present, major PVDF producers are planning to expand production, with a production cycle of one year to one and a half years. Production is expected to start in the second half of 2022, and supply shortages will remain until the end of 2022. Lithium grade products have higher requirements, and the main undertakers of this part of the market will mainly be the existing leading enterprises. With the cooperation between East Sunshine and Pu Tailai, 10, 000 tons of PVDF and 27000 tons of supporting Rmai 142b production capacity will be added in 2022, realizing self-sufficiency in raw materials and bringing a great-leap-forward improvement to the company's performance.
In terms of battery aluminum foil, Dongyang is the leader of the established aluminum foil industry. In 2018, the company established a joint venture with UACJ, the largest aluminum foil manufacturer in Japan, to enter the field of lithium battery aluminum foil. According to a research report released by Zhongtai Securities, the company and UACJ, Japan's largest aluminum foil manufacturer, built a battery aluminum foil production capacity of 10, 000 tons per year, followed by an increase of 40, 000 tons per year. With the help of the technical advantages of UACJ in the field of aluminum foil, the company is expected to achieve rapid entry of lithium-grade products into battery manufacturers.
In addition, in addition to Dongyang, in the last month, Wanshun New Materials (300057) and Chang Aluminum Co., Ltd. (002160) announced plans to add to the battery aluminum foil field:
On the evening of January 7 this year, Wanshun Xincai (300057) disclosed a stock issuance plan to specific targets, with a total amount of no more than 1.7 billion yuan to be used for the annual production of 100000 tons of power and energy storage battery foil projects and supplementary current funds, of which, the battery aluminum foil project construction period is 24 months, the estimated investment amount is 2.08 billion yuan, and it is proposed to use this fund-raising fund of 1.2 billion yuan.
On the evening of December 21, 2021, Changaluminum Co., Ltd. (002160) announced that the company plans to invest in a new 30, 000-ton special aluminum foil project for power batteries by Jiangsu Changaluminum New Energy Materials Technology Co., Ltd. the total construction period of the project is 24 months. the total investment is expected to be about 350 million.
