Zunyi Titanium status quo can produce inevitable readjustment

Let Zunyi Titanium anxiety, as well as challenges from the market: Once the relocation of existing capacity, Zunyi Titanium inevitable readjustment, which allowed future business full of variables. 

Nearly seven years after efforts have not opened to door listing, Zunyi Titanium heat exchanger began to deal with another more complex projects: relocation. 
Zunyi Titanium according to previous listing and financing plan, the funds raised will be used to invest additional 10,000 tons of titanium sponge expansion project, the total investment totaling 999.8 million yuan. 
Zunyi Titanium chairman Guo Xiaoguang told the media that the reason to withdraw the IPO application, the main reason is that the overall relocation decision Zunyi Titanium, this move will affect the company's equity investment projects implementation. 
Zunyi City, according to local urban planning, and to the implementation of the southern industrial area "retreat into three city back into the park," the enterprise within the area covered by a "remote technical innovation, the overall relocation." Zunyi Zunyi Titanium Sheet Metal and titanium parent plants are in his column. 
But this move imperative call five or six years later, there has been no substantive movement. 
Zunyi Titanium a retired employee said, now move it, the government had no money, loss of business because no money, "you move to the area involved, the equipment, the original old equipment a move to be scrapped." 
It is reported that other companies can move equipment, machine tools away on the line, Titanium metal supply sponge enterprises to move, it can only be reconstructed, which makes this old state-owned enterprises dilemma. Reporters learned that, corporate relocation, the government does not give money, Zunyi Titanium now rely on loans already in production, the debt ratio of 50% or so. 
Because Zunyi Titanium Financial Officer on a business trip, the reporter was not informed of a more detailed financial data. 
Let Zunyi Titanium anxiety, as well as challenges from the market: Once the relocation of existing capacity, Zunyi Titanium inevitable readjustment, which allowed future business full of variables. "If we have money, we move past the first plant built and up and running, stopped on the line here. But now no money, then go over there and removed the side of production, to the market late in 2034, which how the line? "Panting Xiang said. 
It is understood that the domestic titanium plant by the first two grown to more than 40, affected by the financial crisis drained group, currently more than 20 left. In the meantime, titanium sponge along with the rapid expansion of production capacity, resulting in "more than 100,000 tons of production capacity, the use of only a few million" surplus situation. 
Panting Xiang believes that now the price has reached the bottom of titanium sponge, the future even if the rebound is small, "After all, the current production has more than tripled the demand." 
But relocation has become a trend, therefore, Zunyi Titanium can only hope to send bond financing, "now has a 5 million bond financing is in place in batches, January 19 this year, has come to a one hundred million." Panting Xiang said, without misappropriating public yet, but the bond issuers to repay.