Xingfa Chemicals Launches 15 000 T/A Yellow Phosphorus Project      

Recently, Shennongjia Wushan Mining Industry Co., Ltd., a subsidiary of Hubei Xingfa Chemicals Group Co., Ltd. (Xingfa Chemicals), launched its 15 000 t/a high purity yellow phosphorus project.
    The project has an initial investment of RMB9.96 million. After the completion, it will produce 10 000 tons of electrical grade yellow phosphorus and 5 000 tons of low arsenic containing yellow phosphorus every year to meet the demand in electronic, pharmaceutical, food and petroleum industries. It will bring RMB150 million of sales revenue per year to the company when full operational.
    As reported, the total sales revenue of Xingfa Chemicals was RMB3.212 billion from January to July in 2009, up 11.03% year on year. The net profit was RMB115.91 million.