China Financial Daily

The world’s second largest manufacturer Xuguang mirabilite offering next Wednesday
According to media reports, it is reported that the world’s second-largest Glauber’s salt (ie sodium) manufacturers Xuguang resources, will be held next Monday will introduce investors. Its Executive Director and Chief Executive Officer Zhang Ming said in a briefing session, plans to add two 200,000 tons, respectively, of the medicinal and one million tons of Glauber’s salt Glauber’s salt production line special, it is estimated that in the two production lines put into operation, is confident the city can be accounted for in the Mainland rate of the first.

According to Behre Dolhear, as of the end of December last year, the mainland accounted for about Xuguang resources and global market share mirabilite 23.2 percent and 11.3 percent, said Zhang Ming, the current company in the Mainland market development, despite the recent impact of the Mainland economy must be, but Glauber’s salt as a result of a shortage of high-end, and therefore relatively minor impact. He was referring to the company’s products, the focus for the development of medicinal and Glauber’s salt Glauber’s salt, such as high-end specialty mirabilite, and its sales volume and sales, whether in more than 50%, while gross margin is higher than the ordinary Glauber’s salt, but he did not mirabilite said gross profit margins in the three, only that more than 50% of the overall gross margin. According to market information refers to the company the main products in the last year, the proportion of medicinal and Glauber’s salt Glauber’s salt, respectively, the special 17% and 70%, such as common mirabilite on only 13%.