Sichuan is a province of liquor, among China's top ten wine, and liquor accounted for half of the seats. However, as important raw material for liquor, and alcohol consumption in Sichuan not meet their own needs, purchase a large number of needs from the field. May see this market opportunity, decided to seize the shares of the North of Sichuan food alcohol market. October 29, North of shares (002,246) Notice, intends Biological Engineering Co., Ltd. Sichuan, replenishment of the North Patio 8.5714 million yuan, the increase of 30% equity stake after becoming the largest shareholder of the North Patio spring.
Patio alcohol consumption in North Main, North of alcohol is one of important raw materials stock company. North of the company, said this investment in the upstream consumption of alcohol companies could avoid business risks, control procurement costs and achieve the expansion in new markets.
North of the shares are owned China North Industries Group Corporation only specialty chemicals company, can produce 70 kinds of nitrocellulose products in 2007 was 42.6% domestic market share, production and sales ranked first in the world for many years. Patio is located in the north of Luzhou Jiang Yangqu, operating conditions have been bad, to June 30, 2009 total assets of 34,098,900 yuan, liabilities 36,716,000 yuan, net profit -369.18 million. North of the capital increase shares, may make the North Patio freed from the crisis.
□ News Analysis
Alcohol market is the "dumpling" or "carbon round?"
Sichuan is the wine of the province, but has not been the province of industrial alcohol, alcohol consumption demand for the province in 2008 at 60 million metric tons, but production is less than 30 million tons, consumption of large amount of alcohol to be supplied from other provinces. North of shares that the company has a large investment in the North Patio of strategic significance, may be to seize new market opportunities.
However, deputy general manager Xue Shuijingfang often told reporters that technology is the consumption of alcohol, passed in from abroad, using the liquid fermentation process, while white wine is used in Chinese traditional solid-state fermentation. To ensure the quality of wine, Sichuan in the high-end liquor is generally in the traditional Chinese wine fermentation process (also known as the base wine) as the main raw material, only the low-end liquor consumption of alcohol was used as a raw material.
North of the shares of the market opportunity is about Luzhou around 15 million tons of edible alcohol gap in the market, compared with foreign manufacturers, there are logistics cost advantages. However, domestic consumption of alcohol in the past two years, the overall excess capacity in the context of the north of the shares of the investment is a win or defeat the move, to be market tested.
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