China Guodian Merged Yinglite Group     

On February 20th, Guodian Yinglite Energy Chemical Group Co., Ltd. and China Guodian Corporation Ningxia Branch both were officially formed with a celebration in Yinchuan, Ningxia region, representing the PVC manufacturer Ningxia Yinglite Power Group was merged into China's leading electricity giant China Guodian Corporation.
    Ningxia Yinglite Power Group, renamed Guodian Yinglite Energy Chemical Group Co., Ltd. in January 2009, currently holds a 21.91% stake in Ningxia Yinglite Chemical Co., Ltd. (SZ: 000635).  
   In January 2009, China Guodian Corporation's listing arm - GD Power Development Co., Ltd. (SH: 600795), acquired a 51% interest in Ningxia Yinglite Power Group (CCR2009 No. 1).
   The move is in line with China Guodian Corporation's development strategy of integrating coal chemicals, chlor-alkali chemicals and silicone materials based on the platform of Guodian Yinglite Energy Chemical Group Co., Ltd.
   The renamed company has set a target of creating a chemical production base in Shizuishan of Ningxia region in the next twelve years, for PVC, methanol, acetic acid, vinyl acetate, polyvinyl alcohol, 1,4-butanediol, silicone materials and titanium dioxide etc.
    Guodian Yinlite Energy Chemical Group Co., Ltd. is building a 5 000 t/a polysilicon project in Shizuishan, with a total investment of RMB5 billion. Construction on the first phase was started in October 2008, with scheduled for completion in 2010 to produce 2 500 tons of polysilicon per year by the time to meet the needs in photovoltaic market.