Xianhe plans CNY 11bn investment in new material project
Xianhe Co., Ltd. (SSE:603733) has announced plans to invest approximately CNY 11 billion in a bamboo pulp integrated high-performance paper-based new materials project. The investment, formalized through an agreement with the Hejiang County Government in Sichuan Province, will be executed in two phases, with CNY 5.5 billion allocated to each phase. The initial phase, targeted for completion within three years of commencement, is projected to yield an annual output value of approximately CNY 5.15 billion and contribute CNY 450 million in annual tax revenue, while creating around 2,000 job opportunities. The project aims to enhance Xianhe's product structure, extend its industrial chain, and meet the growing demand for high-performance paper-based materials. The investment is still subject to shareholder approval and regulatory clearances.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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