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Why did Weifang Chengtou buy Yaxing Chemical?

Optimize industrial structure, promote local economic development and strengthen organizational structure.

1. Optimize the industrial structure and improve the comprehensive strength of enterprises. Weifang Urban Construction Investment Group Co., Ltd. successfully acquired Yaxing Chemical Co., Ltd. on 20/0/9. Yaxing Chemical Co., Ltd. is a chemical enterprise mainly engaged in methanol and involved in plastic products and chemical fiber industries, which enriches the industrial structure of Weifang Chengtou and improves the comprehensive strength of the enterprise.

2. Promote local economic development. Yaxing Chemical is located in Weifang City, Shandong Province, with a superior geographical position, which is conducive to promoting the industrial development and regional economic development of Weifang City.

3. Strengthen the organizational structure. Weifang City Investment acquired Yaxing Chemical, focusing on strengthening the financial management of the enterprise, optimizing and reconstructing the organizational structure and investment in technology research and development, thus improving the management level and market competitiveness of the enterprise.