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Guangxin Corporation to complete its 4-chlorophenyl nitrate project by the year end
May. 9, 2019
The company’s 4-chlorophenyl nitrate phase 2 project is expected to be completed in 2019, driving its business growth. Phase 1 of the company’s production of 100,000 tons of 4-chlorophenyl nitrate began in 2018, generating Yuan 43.644 million of profit that year. Phase 2 of the project is scheduled for completion by December 31, 2019, which will further drive the company’s growth over the next two years. The company’s 3,000-ton pyraclostrobin project and 1,200-ton famoxadone project are 4.99% and 5.13% complete respectively, and income from these projects will be first registered in 2020.
Source: AgroNews
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