Manufacturing Facilities
Bromine Manufacturing
We
explore bromine and manufacture our bromine and crude salt products in four
facilities in Shandong province through our subsidiary Shouguang City Hao Yuan
Chemical Industry Co., Ltd. (SCHC). We have three other facilities that have
not yet received approval to reopen.
Specialty Chemicals Manufacturing
We have produced specialty
chemical products for pharmaceuticals, pharmaceutical by-products, oil and gas
exploration, papermaking, and agricultural applications and pharmaceutical
intermediates through our subsidiary Shouguang Yu Xin Chemical Industry Co.,
Ltd. (SYCI).
Our previous factories
were closed for environmental reasons. We were invited to purchase a piece of
land in the newly created Bohai Marine Industrial park. We constructed a new
chemical factory with new equipment. The construction of the factory is now
complete and equipment is being installed. We have been forced to temporarily
delay the installation of some of the equipment because of supply chain and
energy issues.
When the equipment is
fully installed and the energy issue is resolved, we will provide investors
with more complete information on this facility.