Profile: Gulf Resources Inc (GURE.OQ)
Gulf Resources, Inc., incorporated on February 28, 1989, is a holding company. The Company manufactures and trades bromine and crude salt; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. The Company operates in three segments: bromine, crude salt and chemical products.
The Company manufactures and distributes bromine through its wholly owned subsidiary, Shouguang City Haoyuan Chemical Company Limited (SCHC). Elemental bromine is used to manufacture various bromine compounds used in industry and agriculture. Bromine is also used to form intermediates in organic synthesis. Its bromine is used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines and disinfectants. Its production sites are located in the Shandong Province in northeastern China. Its production feeds include natural brine, vitriol, chlorine, sulfur and coal.
The Company produces crude salt, which is produced from the evaporation of the wastewater after its bromine production process. Once the brine is returned to the surface and the bromine is removed, the remaining brine is pumped to on-site containing pools and then exposed to natural sunshine. This causes the water to evaporate from the brine, resulting in salt being left over afterwards. Crude salt is the principal material in alkali production, as well as chlorine alkali production and is used in the chemical, food and beverage, and other industries.
The Company produces chemical products, through its wholly owned subsidiaries, Shouguang Yuxin Chemical Industry Company Limited (SYCI) and Shouguang City Rongyuan Chemical Co, Ltd (PRC), or SCRC. The products it produces include Hydroxyl guar gum, Demulsified agent, Corrosion inhibitor for acidizing, Bactericide, Iron ion stabilizer, Flocculants agent, Bromopropane, Solid lubricant, Polyether lubricant and Chlorantraniliprole. Its applications include oil exploration and production, paper making and agricultural. Its major products are Semi-finished Product of Tetramethylbenzidine, Semi-finished Product of Trimethylolpropane and Material of Lactic acid Trimethylolpropane, among others.
The Company competes with Shandong Yuyuan Group Company Limited, Shandong Haihua Group Company Limited, Shandong Dadi Salt Chemical Group Company Limited, Shandong Haiwang Chemical Company Limited, Shandong Weifang Longwei Industrial Company Limited, Shandong Caiyangzi Saltworks, Beijing Tianqing Chemical Company Limited, Shandong Weifang Shuangxing Pesticides Company Limited, Shandong Dacheng Pesticides Company Limited, Binhua Group Company Limited, Dongying City Dongchen (Group) Chemical Industry Company Limited, Beijing Peikangjiaye Technologies Limited, Shouguang Fukang Pharmaceutical Co., Ltd. Shandong Xinhua Pharmaceutical Limited by Share Ltd, Hunan Erkang Pharmaceutical Limited by Share Ltd and Xinan Synthetic Pharmaceutical Limited by Share Ltd.
Gulf Resources Inc
North Huaigao Road,Luocheng Sub-
WEIFANG SDG 262714