Antai Technology: bigger and stronger superhard products

Introduction: Antai Technology is a leading domestic new material company. Its main products include super hard and refractory materials, ultra-fine metal products and functional materials. Among them, superhard and refractory materials include high speed tool steel, diamond tools and tungsten-molybdenum refractory materials.

Antai Technology announced the announcement. 1. The company's subsidiary, Heye Technology (the company holds 59.64%), plans to increase the capital of Tianjin Eichmann, which is wholly-owned by Erasteel, with a total investment of 51.281 million yuan. After the capital increase, it will hold 51% of the shares. 2. Antai Super, a 95%-owned subsidiary of the company, plans to invest 48 million yuan to set up a subsidiary in Thailand. 3. Antai Technology, Hefei Keju (Hefei Keju High-Tech Co., Ltd.) and Luo Guangnan's three parties jointly invested 5 million to establish Antai Zhongke Extreme Materials Co., Ltd. (tentative name), the company holds 65%.

Make bigger and stronger super hard and refractory materials products business. The company is a leading domestic new material company, the main products include super hard and refractory materials, ultra-fine metal products and functional materials. Among them, superhard and refractory materials include high speed tool steel, diamond tools and tungsten-molybdenum refractory materials. In the first half of 2011, the company's super-hard and refractory materials products achieved revenue of 810 million yuan, a substantial increase of 34.24% year-on-year, accounting for 43.83% of the company's total revenue. Tool steel and diamond are widely used as tool materials and superhard materials in a wide range of industries. In 2010, the market size of super-hard materials and super-hard materials was 35 billion yuan and 6 billion yuan respectively, and is expected to increase to 40 billion yuan and 7 billion yuan in 2012.

Strengthen the high-speed tool steel market. Erasteel is a wholly-owned subsidiary of the Ehman Group (the world's largest manufacturer of high-speed steel), which produces a wide range of high-speed steel products. Tianjin Eichmann deep-processes high-speed steel and locates its products in small-scale high-speed steel tools. . In the first half of 2011, Tianjin Ehman achieved revenue of 103 million yuan and net profit of 19.27 million yuan. After the capital increase of Heye Technology, it will acquire a 51% controlling stake in Tianjin Ehman, which will strengthen the company's market voice in high-speed tool steel.

Avoid anti-dumping and accumulate international experience. The main purpose of the subsidiary Antai Superhard in setting up a wholly-owned subsidiary in Thailand is to circumvent the US anti-dumping against some diamond tool products in China and maintain the US market. The Thai Antai products are positioned to produce and sell diamond saw blades. At the same time, it will accumulate valuable experience for the company's internationalization.

Actively extend the strategic deployment of new energy. The company's investment in the establishment of Antai Zhongke Extreme Materials Co., Ltd. is another action of the company to actively extend the 12th Five-Year New Energy Strategy. The second shareholder Hefei Keju is a wholly-owned subsidiary of the Institute of Plasma Physics of the Chinese Academy of Sciences, holding 20%. As a clean energy source, nuclear energy will greatly increase the proportion of energy in China in the future. Nuclear fusion materials are the key materials for ensuring the safety of nuclear energy. The application environment is high temperature, high pressure and high radiation, mainly including structural materials and materials for plasma. Two types, the latter mainly based on Class C materials and metal products such as tungsten materials. Antai Intermediate is positioned in the field of nuclear fusion materials. The subsidiary will take advantage of the strong scientific research advantages of the Chinese Academy of Sciences and the technical and industrial background advantages of Antai Technology in tungsten and molybdenum products, and will benefit from the rapid development of nuclear energy in China in the future.

Focus on the progress of four major industrial construction projects. First, invest 350 million yuan to build LED semiconductor supporting refractory material products industrialization project, adding 1630 tons of high-performance tungsten and molybdenum materials for LED semiconductors; second, 18,820 tons of high-performance special welding materials industrialization project, project investment 203 million yuan; the third is to invest 103 million yuan to build high-end powder metallurgy products industrialization project, adding 2,000 tons / year of atomized milling capacity, about 100 tons / year of metal injection molding products and 3600 square meters / year of porous metal materials; The fourth is to invest 198 million yuan to build a high-performance nanocrystalline ultra-thin belt and product industrialization project, forming an annual output of 3,000 tons of nanocrystalline ultra-thin tape and 2000 tons of components and components. The above four projects are expected to gradually reach production in 2012. In November 2011, the company and the State Grid Electric Power Research Institute signed a framework agreement to jointly establish a joint venture company, in which the company holds 51% of the shares, the subsidiary is committed to the research and development, production and sales of amorphous ribbons, promoting energy-saving amorphous The service application of the transformer is moderately extended to the upstream shortage of raw materials business, which will further accelerate the progress of the amorphous strip project.