Southern Building Materials (000906) announced today that it plans to establish a wholly-owned subsidiary “ Changsha Zhongtuo Waste Vehicle Recycling Co., Ltd. †to enter the scrap car recycling and dismantling industry.
Yuan Renjun, chairman of the company, said in an interview with the Securities Times reporter that the project can be regarded as the company's first water testing and environmental protection industry. It can also link the two main businesses of the South Building Materials Steel Trading and Automobile Distribution, which will be built on the company. The whole industry chain system of controlling resources, China United Logistics and the network under construction is an important link.
Entering the environmental protection industry
According to the announcement, the total investment of the project is 22,749,300 yuan, and the annual production capacity of 20,000 vehicles for scrapping and dismantling will be formed in the future. Nanfang Building Materials will take Changsha Zhongtuo as the main body of the project, and strive to form a regional scrap car recycling and dismantling center that radiates full-length sand through three to five years.
The scrap car recycling and dismantling project belonging to the circular economy has broad market prospects. According to statistics from the Changsha Municipal Bureau of Commerce, as of the end of 2010, the number of motor vehicles in Changsha exceeded 1 million units, including 650,000 vehicles. It is expected that the car ownership in Changsha will increase by about 10% per year in the next five years. At present, the scrap rate of Changsha Automobile is 0.92%. It is estimated that the scrap rate of Changsha Automobile will increase by 10% every year in the next 10 years.
In addition, there are only two companies in Changsha that currently have the qualifications for scrapping and recycling vehicles. The annual recycling of scrapped cars is about 3,000, which is far from meeting the urban processing needs. And scrap car recycling and dismantling belongs to the government-controlled industry, forming barriers to entry for potential competitors, which will help alleviate market pressure.
Yuan Renjun said that investing in the project means taking a substantial step forward in the company's metallurgical supply chain and the automobile trade and after-service industry chain.
Through the industrial chain
From the market point of view, due to the current situation of tight domestic investment, a large number of small and medium-sized circulation enterprises have closed down or exited, and the integration of the steel trade industry is accelerating.
Yuan Renjun believes that if we want to change the current situation in which the company's main business is single and affected by the fluctuation of the economic cycle, the company needs to transform and upgrade and expand the upstream and downstream industry chain. The company's strategic planning is to create a three-in-one three-in-one operation mode of “chain operation, logistics and distribution, e-commerce, supply chain finance, and information serviceâ€, and become a competitive metallurgical supply chain service integrator and automobile integrated service provider. Therefore, including the entry into the scrap car recycling and dismantling industry in this year, in recent years, Nanfang Building Materials has tried to open up the upstream and downstream industry chain and explore new industry platforms frequently.
According to reports, the industry chain is down, the total amount of funds raised by Nanfang Building Materials is not more than 780 million yuan, and it is invested in “building a chain project for steel distribution chain in the central and western regionsâ€; the industry chain is going up, the company intends to change its name to “product developmentâ€, operating The scope has increased “investment, mining, etc. of mineral resourcesâ€, and plans to increase capital and expand shares of Zhongtuo Manganese Industry with 58 million yuan. In addition, Securities Times reporter learned from informed sources that the company is negotiating cooperation with a number of non-ferrous metal mines and mineral resources related to the company's industrial chain.
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