Dacheng invested 700 million yuan to build corn processing plant

Introduction: dachengbio, which is engaged in corn processing, said that there will be a number of new investment plans, including setting up a number of new corn processing plants in the mainland with Japanese and US partners In the future, it will also increase corn starch production capacity by 50% to 1.8 million tons per year Although these investments may involve as much as 700 million yuan, Dacheng said it could use 1.2 billion yuan of cash, and there is no pressure to raise funds at present Ant Dacheng will have several projects to invest in next year Kong Zhanpeng, Dacheng's executive director, estimates that the capital expenditure in next year will be up to 700 million yuan At present, Dacheng has 400 million yuan of cash on hand, 400 million yuan of cash in business, about 400 million yuan of unused bank credit lines, and 1.2 billion yuan of available funds, so there is no pressure to raise funds, he said Zhu Yejing, mayor designate of Changchun City, said that the local banks provide Dacheng with about 200 million yuan of policy loans every year, with an annual interest rate of less than two percent, for Dacheng to purchase corn from farmers Among the investment plans to increase the starch production capacity by 50%, including the investment of 15 million US dollars (about 117 million yuan) with two Japanese companies to form a factory to produce cosmetics and food additives sorbitol, with an annual output of about 60000 tons It is expected to be completed in the fourth quarter of next year, most of which will be sold domestically and some of which will be exported to Japan At present, the price per ton of sorbitol is about 2800 yuan to 8000 yuan ANT