Time line of one POM competitor (新疆新业能源化工有限责任公司)

Keeping track of competitors' activities is always an interesting endeavor. One of my key areas of interest is the operating rates of new POM plants. Recently, I searched a timeline of a competitor’s commercial production, which began last year

Nov. 16 2024 : 24KT production (~Oct. ) out of 40KTPA design capacity.

24KT/35KT = 69% operating rate (10.5month*12month*40KTPA)

Aug. 20 2024 : Expansion plant bidding announce (posting)

July. 12 2023 : Start First production

Based on this timeline, it appears that the company has successfully initiated production, with neither sales nor operating rates showing signs of weakness. Moreover, the fact that they initiated basic design bidding for an expansion project within just one year suggests strong confidence in their production and sales performance

Understanding such trends provides valuable insights into industry dynamics and operational challenges. I look forward to hearing others’ thoughts on this topic

Source

1. https://news.qq.com/rain/a/20230712A09JMR00
2. https://www.ts.cn/xwzx/jjxw/202411/t20241116_25005391.shtml
3. https://www.chinabidding.com/bidDetail/260091448.html

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