HDHM: Subsidiary to construct high-end stainless steel deep processing industry park
2020-09-16 11:29:14 [Print]
On the evening of 14 September, HDHM announced that its holding subsidiary Huashangtong signed an investment agreement with the management committee of Hai'an Economic and Technological Development Zone and Tenghai Investment on 11 September on the construction of high-end stainless steel deep processing industry park project in Hai'an Economic and Technological Development Zone
. With a planned investment of about RMB600 million (USD88 . 49 million), the project will construct approximately 50,000 square meters of new workshops in one year . According to the planning, the park will record an annual sales revenue of around RMB10 billion (USD1 . 47 billion) and profit tax of around RMB200 million (USD29 . 50 million) after reaching designed production capacity.