Recently, there have been continuous reports that some large coal companies have plans to vigorously develop coal chemical industry when formulating the “Eleventh Five-Year Plan”, and more coal companies have begun construction of large-scale chemical projects. Coal companies turned their face into giants of chemical industry. Although this move is a bit of a meaning for chemical companies to grab jobs, I believe that this is not a bad thing for coal companies or chemical companies.
In general, the development of enterprises is nothing more than two ways: First, take the epitaxy expansion of the reproduction of the road, relying solely on the expansion of production scale, increase production to develop enterprises; the other is to take the path of connotation development of the company, that is, the development of deep processing products , Extend the industrial chain, increase product added value, increase production efficiency, and become bigger and stronger. The central government has proposed six principles for the formulation of the “Eleventh Five-Year Plan,” one of which is the requirement that we must accelerate the transformation of economic growth patterns. From the perspective of enterprises, this is to abandon the old methods that were commonly used in the past only to expand production capacity, adopt high technology and applicable technologies to transform traditional industries, develop deep processing, increase efficiency and competitiveness, and develop a high-tech and economical economy. The road to a new type of industrialization with good benefits, low resource consumption, less environmental pollution, and full utilization of resource advantages. Therefore, the transformation of coal giants into chemical giants is an evolution of the company's development model from episodic to connotative. It is a change in the mode of economic growth and a welcome change.
The massive entry of coal companies will inevitably make the chemical industry more competitive and have a higher level of competition. At present, some major coal chemical products, such as coal, methanol, and nitrogen fertilizers, have become saturated in the domestic market. Coal companies entering these product production areas are bound to cause a new round of survival of the fittest. In this competition, although coal companies have resource advantages, chemical companies also have the advantages of technology and market. At the same time, due to the limited nature of global oil resources, the future coal chemical market space will become larger and larger, and production companies will have greater opportunities for development. Therefore, this can be said to be a close competition and a competition that can encourage each other. If chemical companies can play their own advantages in this competition, expand their own product brands, and develop independent intellectual property rights, then they should be promising.
Industrial integration is an inevitable phenomenon in China's economic development after breaking the rules of industrial structure adjustment. At present, this phenomenon of coal companies entering the chemical industry in large numbers shows that there are still some companies in the chemical industry that are not competitive and have huge room for development. Those enterprises that are complacent about the past achievements and are content with the status quo should be vigilant. They should re-recognize their own concept of development from this trend, adjust their own development ideas, break the kind of development thinking that was formed before, and use their own advantages. Upstream and downstream extension of the industrial chain, see the direction, and strive for initiative, weaknesses, and boldly attack.