Guangdong Songfa Ceramics (SHA:603268) subsidiary Hengli Marine Engineering (Dalian) plans to invest 457.5 million yuan to build the No. 8 fitting-out wharf at Changxing Island Port.
The project aims to expand production capacity and enhance outfitting capabilities for high-end vessels and offshore equipment, according to a Wednesday filing with the Shanghai bourse.
Construction is expected to take about 12 months.
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