Shanxi Yongdong Chemistry Industry

What Shanxi Yongdong Chemistry Industry does

Shanxi Yongdong Chemistry Industry (山西永东化工股份有限公司, Shenzhen Stock Exchange ticker 002753) is a Shanxi-based integrated coal tar and carbon black producer founded in 2000 and listed since 2015. Its core business is the deep processing of coal tar into a slate of carbon blacks (rubber, conductive, pigment) and downstream chemical products (modified pitch, industrial naphthalene, wash oil, phenol oil, anthracene oil, needle coke, and special carbon black). Annual nameplate capacity is approximately 600,000 tonnes of coal tar processing and 340,000 tonnes of carbon black, placing the company among the top 10 carbon black producers in China.

The company operates a circular economy model in which coal tar feedstock is fractionated into chemical products, the residual oil is converted into carbon black, and the tail gas from carbon black production is combusted for on-site power generation. This integration is intended to monetize byproducts that peers must treat as waste and to insulate margins from coal tar price volatility. The ~882-employee operation is concentrated at a single site in Jishan County, Yuncheng, Shanxi, with downstream applications spanning tire reinforcement (the dominant end-market), specialty industrial rubbers, conductive plastics, pigments, and emerging carbon materials.

Revenue mechanics are anchored by multi-year supply agreements and grade qualifications with global and domestic tire OEMs, including Bridgestone, Sumitomo, Hankook, Sailun, Zhongce, Giti, Linglong, Double Coin, Cooper, and Nexen. Pricing follows typical carbon black contract structures (formula- or index-linked to feedstock coal tar and oil prices), and the company's strategy is to progressively shift mix from commodity rubber carbon black toward higher-margin specialty grades, needle coke, and downstream coal tar derivatives, funded in part by a 380M CNY 2022 convertible bond and a 365M CNY December 2025 equity refinancing.

Name

Shanxi Yongdong Chemistry Industry

Legal name

山西永东化工股份有限公司

Website

https://sxydhg.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shanxi Yongdong Chemistry Industry is an integrated Chinese producer that processes coal tar into carbon black and downstream chemical products, serving global and domestic tire manufacturers and industrial rubber customers from a single circular-economy site in Shanxi Province.

Ownership category

akta.pro rank

Product category

Industrial Chemicals (Carbon Black)

NAICS

Carbon and Graphite Product Manufacturing (335991), Other Petroleum and Coal Products Manufacturing (32419), All Other Petroleum and Coal Products Manufacturing (324199)

SIC

Miscellaneous Products Of Petroleum & Coal (2990), Industrial Organic Chemicals (2860)

akta.pro primary industry

Carbon Black & Bulk Pigments (IMAEAAAF)

akta.pro secondary industries

Black Masterbatch & Carbon Black-Filled Rubber Mixing (IMANAJAD), Functional Carbon Fillers (Carbon Black, Graphite) (IMAEAFAO), Specialty Carbon & Pitch Products (Petroleum Pitch, Carbon Binders for Anodes) (EUALAKAK), Aromatics (BTX: Benzene, Toluene, Xylenes) (EUALAHAC)

Keywords

• Carbon black manufacturing
• Coal tar processing
• Tire rubber chemicals
• Industrial chemical materials
• Fine chemical products

Headquarters

HQ city

Yuncheng

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Carbon Black Products: Primary revenue stream. Products include rubber carbon black, conductive carbon black, and pigment carbon black. Main products supplied to tire manufacturers including Bridgestone, Hankook, Sumitomo, and Chinese tire makers.
2. Coal Tar Fine Processing Products: Secondary revenue stream from coal tar deep processing. Products include modified pitch, industrial naphthalene, wash oil, phenol oil, and anthracene oil.
3. Fine Chemical New Materials: New growth area including needle coke (4万吨/年 pilot production) and anthracene oil deep processing. In December 2025, the company completed a 365 million RMB refinancing to fund 2×10万吨/年 anthracene oil deep processing project.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Shanxi Yongdong Chemistry Industry manufactures and sells carbon black products (rubber, conductive, and pigment grades) and coal tar deep processing derivatives (modified pitch, industrial naphthalene, wash oil, phenol oil, anthracene oil). The company operates an integrated circular economy model that converts coal tar into carbon black, then uses tail gas from carbon black production for power generation, and is expanding into fine chemical new materials including needle-shaped coke and anthracene oil deep processing products.

Product overview

Shanxi Yongdong Chemistry Industry is a high-tech enterprise based on coal tar resource deep research and application. The company operates a circular economy model combining coal tar processing + carbon black production + waste gas power generation + fine chemical new materials. The core product portfolio includes three main carbon black categories (rubber carbon black, conductive carbon black, pigment carbon black) and five coal tar products (modified pitch, industrial naphthalene, wash oil, phenol oil, anthracene oil). Strategic expansion focuses on specialty carbon black (7万吨/年), needle-shaped coke (4万吨/年), and anthracene oil deep processing (forming 19万吨 decrystallized anthracene oil, 0.5万吨 anthraquinone, 0.2万吨 carbazole), enabling the company to achieve high-end, differentiated, and diversified product development while providing premium self-sufficient raw materials for carbon black production.

Differentiator

Problem solved

Functional benefit

Products and services

• Rubber Carbon Black (橡胶用炭黑)

Named customers12 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered major.

• Bridgestone (普利司通)majorOthersLong-term stable cooperative relationship for carbon black supply. Yongdong supplies high-quality carbon black products to one of the world's largest tire manufacturers.
• Sumitomo (住友)majorOthersLong-term stable cooperative relationship for carbon black supply to Sumitomo, a major Japanese tire manufacturer.
• Hankook (韩泰)majorOthersLong-term stable cooperative relationship for carbon black supply to Hankook, a leading global tire company.
• Sailun (赛轮)majorOthersLong-term stable cooperative relationship with Sailun for carbon black supply.
• Zhongce (中策)majorOthersLong-term stable cooperative relationship with Zhongce Group for carbon black supply.
• Double Coin Group (双钱集团)majorOthersLong-term stable cooperative relationship with Double Coin Group for carbon black supply.
• Linglong Tire (玲珑轮胎)majorOthersLong-term stable cooperative relationship with Linglong Tire for carbon black supply.
• Giti (佳通)majorOthersLong-term stable cooperative relationship with Giti Tire for carbon black supply.
• Jiangsu Tongyong (江苏通用)majorOthersLong-term stable cooperative relationship with Jiangsu Tongyong for carbon black supply.
• Shuangxing Tire (双星轮胎)majorOthersLong-term stable cooperative relationship with Shuangxing Tire for carbon black supply.
• Nexen (耐克森)majorOthersLong-term stable cooperative relationship with Nexen for carbon black supply.
• Cooper Tire (固铂)majorOthersLong-term stable cooperative relationship with Cooper Tire for carbon black supply.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Birla Carbon (Aditya Birla Group): Birla Carbon is the world's largest carbon black producer, with broad rubber-grade and specialty grades globally — the global benchmark Yongdong competes against in tire manufacturer supply chains.
• Tokai Carbon: Tokai Carbon is a Japanese global carbon black and graphite producer with a strong tire-customer book, competing with Yongdong for Japanese tire OEMs (Bridgestone, Sumitomo) and in specialty grades.
• Cabot Corporation: Cabot is a global specialty chemicals and performance materials company with a large carbon black business serving tire, rubber, and specialty applications — sets the international competitive bar for both commodity and specialty carbon black.
• Phillips Carbon Black (RPK Group): Phillips Carbon Black is India's largest carbon black manufacturer, similar rubber-grade plus specialty mix, comparable cost competition in Asian tire supply chains.
• Orion S.A. Orion is a global carbon black producer (formerly part of Evonik) focused on specialty and rubber-grade carbon black, with broad geographic coverage and a portfolio comparable to Yongdong's specialty push.

Direct peers

• Black Cat (黑猫股份): Jiangxi Black Cat Carbon Black (Shenzhen-listed, 002068) is China's largest carbon black producer with similar rubber-grade and specialty carbon black portfolio, comparable tire-industry customer base, and competing Chinese circular-economy cost model — the closest like-for-like domestic peer.
• Continental Carbon (China Synthetic Rubber / TCC): Continental Carbon is a mid-sized carbon black producer serving tire and industrial rubber customers globally, with a product mix and customer profile closely comparable to Yongdong.
• Longxing Chemical (龙星化工): Hebei Longxing Chemical (002442) is another listed Chinese carbon black producer competing directly in rubber-grade and specialty carbon black for tire and industrial rubber customers, with similar coal-tar-oil feedstock exposure.

Others

• Jinneng Science & Technology (金牛能源): Shanxi-based coal and coking chemical producer — overlapping coal-tar feedstock ecosystem and Shanxi industrial-chain positioning relevant to Yongdong's circular-economy model.

Regional players

• Baofeng Carbon Black (宝丰能源 related coal chemical players): Large-scale Chinese coal chemical / carbon black producers in adjacent provinces (e.g., Ningxia, Inner Mongolia) — regional peers competing for specialty carbon black and downstream fine chemical share.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shanxi Yongdong Chemistry Industry