China Xiamen Juguangli Import & Export Co., Ltd Company News

Global Silicone Network, January 6th: In order to further promote the long-term development of business in China and Asia, the Lego Group (LEGO) announced that it will expand its factory operations in Jiaxing City, China, and create more production capacity. Currently, the LEGO Group's factory in Jiaxing City, Zhejiang Province has approximately 1,200 employees. The expansion project will include the addition of an elevated automated three-dimensional warehouse, the addition of injection molding facilities and workshops for processing Lego block pellets. A total of 42,000 square meters will be added to the existing base, and potential production capacity will be significantly increased. The factory expansion project has begun and is expected to be completed in 2024.

Saint-gobain, one of the fortune 500 companies in the world, "settled" in Huangshan, creating the world's largest adhesive production base   Saint-gobain, a fortune 500 company in France, recently completed the equity acquisition of Anhui Huijie New Material Technology Co., LTD. On November 25th, the opening ceremony of the new company was held in Huizhou district, Huangshan City, and the new company was officially renamed saint-Gobain Huijie (Anhui) New Material Co., LTD.   In September 2021, all acquisition processes will be completed, anhui Huijie will be acquired by Saint-Gobain Group holding, the introduction of foreign capital and advanced adhesive product research and development technology, and strive to build Saint-Gobain Huijie (Anhui) New Materials Co., Ltd. into the world's largest adhesive production base under saint-Gobain Group.   It is understood that saint-Gobain Anhui Huijie New Material Technology Co., Ltd. will invest more than 100 million yuan in fixed assets in the second phase. The investment plan for Huangshan in the second phase has been approved, and 90% of the fixed assets investment is planned to be completed in 2022. Anhui Huijie is positioned as the global adhesive manufacturing base of Saint-Gobain. The group plans that anhui Huijie's sales will exceed 1.5 billion YUAN in 2025.

According to public information, new competitors for 2022 silicone have emerged one after another, and the good days on the supply side are no longer. According to a source, an upstream brand company has invested 500 million yuan in the outsourcing model (CDMO) of compound rubber, silicone rubber, and liquid rubber, and is launching an offensive.   In the silicone industry chain, CDMO business is expected to grow significantly. Industry said: a number of foreign brand enterprises in this field lead, domestic with the advantage of raw material production to help foreign brands to achieve nearly half of the production outsourcing model (CDMO).   Industry institutions predict that the demand for overseas organic silicon orders from 2022 to 2025 will continue to be strong. In October, the export volume of organic silicon products reached 31,200 tons, an increase of 57% from the same period last year, mostly in the production outsourcing model (CDMO). According to sources, a brand company yesterday received a new batch of purchase orders from a large construction company in the United States, amounting to 200 million yuan. In the past twelve consecutive months, a total of 105 million yuan of orders for related products from this customer have been received. The purchase order received this time is a customized development and production (CDMO) service order related to the multi-functional innovative sealant.   With the development of the global silicone industry, CDMO is stepping into the era of rapid growth, from the previous CMO mainly based on single capacity output to the gradual transformation of CDMO mainly based on technology output. It is expected to reach 30 billion in 10 years with a compound annual growth rate of about 15.73%.

With the scale expansion and cost reduction brought about by localization, China has become Tesla's largest export base in the world.At present, Tesla has positioned Shanghai Gigafactory as the company's main automobile export center. In addition to the delivery work for the Chinese market, the Shanghai Super Factory also exports a large number of Model 3, Model Y to Asia-Pacific, Europe and other places. Data shows that Tesla's wholesale volume in China in October was 54,391 vehicles, a year-on-year increase of 347.92%. Among them, 40666 vehicles were exported, an increase of 955.44% from the previous month. The export volume exceeded 40,000 vehicles for the first time, setting a new monthly export record. Institutional analysis pointed out that under the shortage of chips and the new crown epidemic, Tesla's production and sales continued to grow at a high speed. As the impact gradually eases, Tesla's market share is expected to further increase. We expect Tesla to sell 910,000 vehicles in 2021-2023. , 1.36 million vehicles, 2.05 million vehicles, a new wave of Tesla is starting.

According to foreign media news, a number of first innovations will appear at the 2022 new product launch of the global head luggage brand. The material is silicone synthetic leather. The person in charge of the brand said: The application of silicone synthetic leather to handbags, luggage, and wallets has great prospects.   Experts in the industry believe that consumers all over the world are very fond of leather products, especially leather car interior parts. As a high-end and beautiful material, leather has a wide range of uses and long-lasting charm.   Due to the limited number of animal furs that can be processed, and because of the needs of animal protection, its output is far from being able to meet the various needs of mankind. Silicone synthetic leather will be the new track for silicone in the next 10 years. With the deployment of giants one after another, applications such as automotive interiors and high-end furniture will explode, which is estimated to drive the added value of the 100 billion silicone industry.   Silicone leather is a synthetic leather product that looks and feels like leather and can be used instead. It is usually made of fabric as the base and coated with 100% silicone polymer. There are mainly two types of silicone resin synthetic leather and silicone rubber synthetic leather. Silicone leather has no peculiar smell, hydrolysis resistance, weather resistance, environmental protection, easy cleaning, high and low temperature resistance, acid and alkali salt resistance, light resistance, heat aging resistance, yellowing resistance, tortuous resistance, Disinfection, strong color fastness and other advantages.

On a recent media day, Christian Hartel, President and CEO of Wacker Chemie AG in Germany, said in an exclusive video interview with reporters from International Finance News that “the demand for chemical materials related to the sustainable development of energy will increase significantly in the next ten years. Growth, such as the application of silicone products in electric vehicles, cable accessories, the application of polysilicon in solar photovoltaic cells, and environmentally friendly building materials."   Boosted by the strong demand for organic silicon and other materials, Wacker Chemie’s sales in the third quarter of this year increased by 40% compared with the same period of the previous year. At about 6 billion euros, profits are expected to be between 1.2 billion and 1.4 billion euros.   In response to the recent electricity curtailment measures adopted by the Chinese market to limit corporate energy consumption, WACKER has recently raised the price of silicone products. In this regard, Christian Hartel said that energy limitation has had a significant impact on the supply of raw materials and prices. Although we have to pay higher prices, fortunately, WACKER is still able to purchase the required raw materials. "At present, customers can accept the current price increase, but it also depends on how far the price will increase in the future."   In order to expand production capacity in the Chinese market, WACKER recently announced the acquisition of 60% of Shandong Silicon Technology, which has become another case for a foreign-funded chemical company to deepen its localization strategy.   Paul Lindblad, President of WACKER Greater China, told reporters: “In my opinion, a relatively long-term solution lies in the reform of electricity prices. Value manufacturers.” He believes that this will also promote the development of the chemical industry, such as increasing the demand for polysilicon.   Christian Hartel said bluntly: WACKER is full of confidence in the future development of the Chinese market, and will continue to invest in the region, and will continue to support China's industrial upgrading and sustainable development with innovative products and solutions.        

According to incomplete statistics, since November, as of November 9, dozens of chemical raw materials have seen a "flash crash" plunge in just over a week! The highest drop is nearly RMB 12,000 yuan/ton (USD1880/ton)!   The price of silicone is RMB 34,000 yuan/ton, down by 12666.67 yuan/ton from the previous week.   The price of yellow phosphorus was RMB 36,000 yuan/ton, down 10666.67 yuan/ton from the previous week.   Dimethyl carbonate was quoted at RMB 8,466.67/ton, down RMB 5,200/ton from the previous week.   Phosphoric acid was quoted at 9866.67 yuan/ton, down 4666.66 yuan/ton from the previous week.   Propylene glycol was quoted at RMB 21,266.67/ton, down RMB 2,633.33/ton from the previous week.   Liquid epoxy resin is quoted at RMB 32,125/ton, down RMB 2500/ton from the previous week   ......   Since the beginning of this year, the situation of China's power rationing and production shutdown has been severe, and the soaring materials have already made companies miserable! Gold, nine, and silver, ten years have just passed, and there are only less than 2 months left before the end of the year. There is a trend of easing the power limit. If you want to reverse the situation and make up for the previous loss of profit, you must make a new plan at the end of the year. , It is possible to complete the target task at the end of the year.

Global Organosilicon Network News,   Chipmaker Global Foundries inc. priced its initial public offering at $47 per share, at the top of its target range, and will raise about $2.6 billion. The IPO values GMC at about $26bn, making it one of the biggest IPOS in the US this year.   The company, which is majority-owned by Mubadala Investment, ABU Dhabi's sovereign wealth fund, sold 22 million shares in the IPO. The company debuted on Nasdaq on Thursday, Oct. 28, closing down 1.28% at $4.64 billion, giving it a market capitalization of $24.809 billion.

The global silicone network on October 18: the price of sea freight cooling trend, recently, continued to rise in the price of sea freight appears to cool trend. Shanghai shipping company executives said that in the past four days, a 40-foot containers shipped from China to the United States on the west coast of the freight from slightly above the $8000 to around $15000, fell by almost half, and sent to the east coast of the freight is down from more than $20000 to less than $15000, down more than a quarter.   According to FBX data, the shipping price from China/East Asia to the west Coast of North America was $20,586 /FEU (40-foot container) on September 10, and has now dropped to $16,004 /FEU; Sea freight from China/East Asia to the East Coast of North America also fell to $19,421 /FEU from $22,173 /FEU on Sept. 10.   Recently, the price of shipping between China and the United States has indeed fallen, which undoubtedly makes China's foreign trade business owners who export to the United States "relieved", after all, the early freight has been comparable to the value of the goods.   Analysts believe that with the drop in freight prices, orders from Europe and the United States have dropped from the peak, forcing European and American buyers to shift their orders to supply chains such as India and Southeast Asia. The domestic power shortage has eased, and the price of upstream coal energy may lose the power to continue to rise, and the "double carbon" target will be completed.

On October 8, China's Guangdong Provincial Food and Drug Administration issued the "List of Products Approved for the Pilot Approval of the Medical Device Registrant System in Guangdong Province (as of October 8, 2021)", and Huawei's wrist single-lead ECG collector was officially approved for production. In fact, in August this year, Huawei's multiple medical device products have entered the priority approval process.   According to the Guangdong Provincial Food and Drug Administration issued the "Guangdong Province Class II Medical Device Priority Approval Application Review Results Announcement (Issue 49)", Huawei’s wrist ECG blood pressure recorder, ECG analysis system, and arrhythmia analysis system 4 medical device products including wrist single-lead ECG collectors have officially entered the priority approval process. The four Huawei medical devices are all related to wrist ECG monitoring, and they are all wearable medical devices. Although Huawei has launched smart bracelet wearable devices as early as 2014, this time it is a large-scale deployment of medical-grade wearable devices.