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Fuchun dyeing and weaving: Plans to invest 500 million yuan in the annual output of 30,000 tons of fiber dyeing construction project

author:China Securities Journal

China Securities Network News (reporter Shen Nan) Fuchun Dyeing and Weaving (605189) announced on the evening of November 16 that the company intends to sign an investment agreement with the Management Committee of Wuhu Economic and Technological Development Zone for the "Annual Output of 30,000 Tons of Fiber Dyeing Construction Project". The project plans to purchase about 100 acres of land in Qiaobei Industrial Park, Wuhu Economic and Technological Development Zone, build a new 55,000 square meters of factory buildings and supporting facilities, purchase advanced fiber dyeing intelligent production lines and environmental protection production equipment, and build a comprehensive sewage treatment station. The total investment of the project is about 500 million yuan, 60% of the construction funds are self-owned funds, and 40% are borrowed from banks.

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