# CNSIG Inner Mongolia Chemical subsidiary to acquire Tianchen Company via capital increase

CNSIG Inner Mongolia Chemical's subsidiary, CNSIG Jilantai Chlor-Alkali Chemical, will acquire 100% of Anhui Tianchen Chemical from CNSIG Anhui Hongsifang through a capital increase valued at 323 million yuan. Tianchen has a 130,000-tonne-per-year paste PVC resin production facility.

- Type: Acquisition
- Announced: 2023-03-22
- Where: China
- Status: announced
- Capacity: 130,000 tonnes per year of paste PVC resin
- Products: paste PVC resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [CNSIG Inner Mongolia Chemical](https://endata.com/companies/69245.md)
- [CNSIG Jilantai Chlor-Alkali Chemical](https://endata.com/companies/69246.md) (acquirer)
- [Anhui Tianchen Chemical](https://endata.com/companies/69247.md) (target)
- [CNSIG Anhui Hongsifang](https://endata.com/companies/69248.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/896444.html), 2023-03-22: "本次交易的目的是为充分发挥公司所处地区能源和资源优势，以及天辰公司市场区域、技术和产品牌号多的优势，提升规模效应和产业集中度，提高公司糊树脂产品的市场竞争力和协同能力"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.