DFD and Ningxia King Jointly Strengthen Fluoride Salt Sector

On June 5, DFD Chemical Co., Ltd. announced that it intends to jointly invest with Ningxia King Chemicals Co., Ltd. to form a JV named Ningxia Yingfu King Science and Technology Co., Ltd., which is to be engaged mainly in producing fluoride salt. The two have already signed a contract and entered a substantial operational phase.
DFD reported that Yingfu King has registered capital of RMB210 million, of which DFD invested RMB143 million, or 67% of the total, making it the controlling shareholder. According to the contract, Yingfu King will produce 110 000 t/a aluminum fluoride and other products using the “DFD Chem” brand and logo, and DFD will uniformly control the procurement of raw materials and product sales. Production takes place in the plant of Ningxia King Co., Ltd.    
Currently, Ningxia King is one of the largest-scale and strongest producers of dry aluminum fluoride in China, owning many core technologies. After establishing the JV, DFD owns and operates 30% of China’s fluoride salt capacity, and its sales are more than a third of the national total.