The subsidiary of Shengda Bio Holdings plans to invest 270 million yuan to build a project with an annual output of 20,000 tons of D-ascorbic acid and its sodium salt

On August 27, Shengda Bio (603079) recently announced that tongliao shengda biological engineering co., LTD. (hereinafter referred to as "tongliao shengda"), a holding subsidiary of the company, intends to invest 270 million yuan to build a "project with an annual output of 20,000 tons of D-iso-ascorbic acid and its sodium salt", which will be implemented, operated and managed by the holding subsidiary Tongliao Shengda.

Basic information of outbound investment projects:

Project Name: Annual output of 20,000 tons of D-iso-ascorbic acid and its sodium salt project

Implementing body: Tongliao Shengda Biological Engineering Co., Ltd

Construction site: Tongliao City Kailu County Tongliao City Shengda Biological Engineering Co., Ltd. factory area

Construction contents: construction of an annual output of 20,000 tons of D-ascorbic acid and its sodium salt series product production line, the construction of new fermentation workshop, extraction workshop and supporting auxiliary workshops and plants, increase production equipment and supporting auxiliary facilities, the total construction area of 67,000 square meters.

Investment amount: The total planned investment of the project is 270 million yuan

Source of funding: Self-financing

Construction period: The project construction period is 3 years

Approval procedures to be performed: At present, the project has only completed the industrial project filing of the Kailu County Development and Reform Commission of Tongliao City, and the project construction needs to go through the approval procedures such as safety and environmental protection to the relevant administrative departments in accordance with the regulations.

This foreign investment gives full play to the resource advantages of its subsidiaries such as energy and raw materials, and is an important part of the implementation of the company's integration strategy. The completion of the project is conducive to promoting the diversification of the company's products, broadening the company's development space, and creating new growth points, which will further enhance the company's comprehensive competitiveness, expand a broader business space for the company, and help the company's long-term development.

According to the data of the digging shell network, Sunda Bio is committed to the research and development, production and sales of vitamins, biological preservatives, food additives and feed additives.

This article originated from the digging shell network