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Changhong Hi-Tech plans to build a biodegradable masterbatch industrial park

 Last Update: 2022-12-29
 Source: Internet
 Author: User

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On December 14, Changhong Hi-Tech issued an announcement that in order to open up the integrated industrial chain of degradable plastics, it will sign an agreement with the Hezhou Municipal People's Government to invest in the construction of Changhong Biodegradable Masterbatch Industrial Park project by establishing Sun Company Guangxi Changhong Biomaterials Co.

, Ltd.
The total investment of the project is expected to be 3 billion yuan, which will be invested in two phases, the first phase of which is 1.
5 billion yuan
.

It is reported that this investment is another major investment
in the field of degradable plastics after Changhong Hi-Tech settled 5 billion yuan in Shengzhou, Zhejiang Province and planned to promote the layout of the degradable industrial chain in Qingyang, Gansu Province with 11.
2 billion yuan.
Changhong Hi-Tech said that the project is the company's move to open up the industrial layout of the upstream and downstream integration of degradable plastics, including upstream calcium carbonate masterbatch, and run through the industrial chain
.

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