CNSIG Inner Mongolia Chemical Industry (SHA:600328) plans to upgrade and renovate a special resin plant for 493.4 million yuan, according to a Shanghai bourse disclosure on Friday.
The plant will produce 20,000 tons of seed micro-suspension (MP-2) paste resin and 40,000 tons of seed emulsion (MP-1) paste resin annually.
The construction will take two years, with commissioning set in 2027, the Chinese chemical manufacturer said.
The company's shares closed 2% higher on Friday.
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