Lier Chemical to build a 50,000-ton biological and new material intermediates production line at a cost of 1.5 billion yuan
Date:07-25-2018
Lier Chemical recently announced a plan to build a 50,000-ton biological and new material intermediates production line and auxiliary facilities in Mianyang, Sichuan Province. A total investment of 1.5 billion yuan is planned for the project, which is expected to be completed within 36 months.
Mianyang Economic & Technical Development Zone is a national-level high-tech development zone, where
Lier Chemical is headquartered. The launch of the investment project is aimed at benefiting the business development of the company, and is expected to strengthen the competitive edge of the company.
According to the semi-annual report of 1H 2018 publicized by Lier Chemical at an earlier date, the net profit attributable to the shareholders of the listed company for the first half of the year (January 1 till June 30, 2018) is between 224.0351 million yuan and 268.8421 million yuan, which is 50% to 80% up, year on year.
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