In just a few years, Luo Zhenggang has established 12 garbage power generation and energy comprehensive utilization power plants in various places. However, due to the low cost of garbage disposal, the profitability of these projects is average.
However, Tong Zhenggang did not stop. He turned his attention to energy industries such as cement, electrolytic aluminum and coal.
On June 5438+ 10, 2003, Yuzhou Admiralty Cement Project was formally established with a total investment of 1 100 million yuan, with Jinjiang Group holding 60% and Zhongfeng Group holding 40%. In the same month, Cayman Energy Company established Cayman Aluminum Company with a total investment of 40.29 million US dollars, and implemented a project with an annual output of 65.438+200,000 tons of sandy alumina in Shan County, Henan Province, with a planned total investment of 4.6 billion yuan.
Due to the huge investment in alumina project, in early 2004, Luo Zhenggang sold some power plants and pharmaceutical enterprises to meet the capital demand of Sanmenxia alumina project, and shortened the time originally planned to start two production lines at the same time in Cayman Aluminum, and first launched a 400,000-ton production line.
In the next two years, the market rumored that Jinjiang Group's capital chain was tight, and Admiralty Cement showed no signs of construction. However, the entry and exit of Anyuan shares failed to solve the dilemma of Jinjiang, and Zheng Zhenggang was forced to face a crisis.
June 5438 +2006 10, Cayman Aluminum and Henan Yugang Longquan Aluminum Company were married, and it is planned to adopt the way of cross-shareholding. Yugang Company was established by Tian Ling Investment Co., Ltd., Kaixiang Electric Power Industrial Investment Co., Ltd. and Gangxinyuan Industrial Co., Ltd. with a total investment of 2.2 billion yuan, with a production capacity of 400,000 tons of electrolytic aluminum. It is reported that the cross-shareholding ratio between the two parties is about 49%-50%.