CNSIG Inner Mongolia Chemical Industry (SHA:600328) plans to expand the production capacity of high-end special paste resin by building another factory for 144.6 million yuan, according to a Shanghai Stock Exchange filing on Saturday.
The Chinese industrial salt maker will construct the project through subsidiary China National Salt Jilantai Chlor-Alkali Chemical within 12 months.
The factory will produce 30,000 tons of high-end special paste resin every year, the filing said.
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