Reuters: China will build a large oil seed processing plant
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Last Update: 2002-11-07
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Source: Internet
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Author: User
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Lead: Reuters Shanghai, China said on Wednesday that it will build a joint venture with Singapore to build Asia's largest oilseed processing plant in the west of China, with an investment of about $480 billion and a processing capacity of 6, 000 tons, including soybeans, palms, rapeseed and daily food, is the latest news released by the Ministry of foreign trade on its website The Great Wall investment company, a Singapore based investment company that has emerged in China as pan Lian Group, co founded Xinfu food company with Chongqing Fuling District government, the source said Half of the investment will be invested in the first phase of the project, which will take 14 months When the second phase is completed, the annual sales of the joint venture will reach 4.82 billion yuan n (582.3 million US dollars), and the annual profits and taxes will be 70 million yuan (1 US dollar = 8.277 yuan).
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