China Jushi to Invest 96 Million YUan in Production Line Upgrade
MT Newswires Live10:57
China Jushi (SHA:600176) unit Jushi Group will invest 96.0 million yuan in a cold-repair and technical transformation project for its 180,000-ton fiberglass production line in China's Zhejiang Province.
The one-year project will boost capacity to 200,000 tons annually and introduce intelligent manufacturing technologies to improve efficiency and reduce costs, according to a Friday filing with the Shanghai bourse.
The company estimates a pre-tax investment return rate of 14.19%.
Shares of the fiberglass maker were down 1% in recent trade.
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