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Recently, Lanshi Heavy Equipment issued an announcement stating that the company intends to increase the capital of part of the relocation equipment in the 150,000 tons/year coal tar light-weight EPC project of Jilin Hongtai to invest in Shenmu Shengbang Chemical Co.
According to the announcement, Shenmu Shengbang mainly produces clean energy and alternative petrochemical products.
Lanshi Heavy Equipment stated that this foreign investment in Shenmu Shengbang will help the company seize the development opportunities of energy industry such as Shenmu City's coal chemical industry.