Shandong Molong Petroleum Machinery (SHE:002490) will inject 170 million yuan for the construction of the petroleum processing line project, according to a Tuesday filing with the Shenzhen bourse.
The company will construct the petroleum line at the Shandong Molong Science and Technology Park in Shouguang, Shandong, China, within 12 months.
The project will have two lines, one for tubing and the other for casing production, the filing said.
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