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Hanwha Building & Materials plans to invest 150 million yuan in xuancheng Jinhai Anti-Static Flooring Co., Ltd. to build an annual output of 5 million square meters of anti-static flooring project

author:Finance

On January 19, Hanwha Building Materials (834323) announced that in order to meet the company's development needs and enrich the company's product range, it intends to invest in the construction of xuancheng Jinhai Antistatic Floor Co., Ltd. with an annual output of 5 million square meters of anti-static flooring project according to the "Enterprise Investment Project "Standard Land + Commitment System" Approval Commitment Letter signed by the Company and the Langxi Economic Development Zone Management Committee on November 22, 2021. The project construction site is located at the intersection of Baishijian Road and Suoji Road in Langxi Economic Development Zone, the project covers an area of 41 acres, with a total construction area of about 20,000 square meters, a total investment of 150 million yuan in the project budget, and a construction period of 36 months.

Project construction progress:

Based on the strategic layout and overall development considerations, in order to better meet the market demand, improve market share and enhance market competitiveness, Xuancheng Jinhai Defense Electrostatic Floor Co., Ltd. (hereinafter referred to as "Xuancheng Jinhai"), a wholly-owned subsidiary of the company, bid for a land use right in Langxi County Economic Development Zone for new plants and supporting facilities. On January 10, 2022, Xuancheng Jinhai bid for the right to use a state-owned construction land in the Langxi County Economic Development Zone. Parcel number 2021-50 (hanging), the plot area of 27,381 square meters, the nature of the land is industrial land, the service life is 50 years, the auction price is 4.11 million yuan. Xuancheng Jinhai and Langxi County Natural Resources and Planning Bureau (hereinafter referred to as the "Transferor") signed the "Contract for the Transfer of the Right to Use State-owned Construction Land", Contract No. 34821 Transfer [2021] -050, and the transferor agreed to deliver the transferred parcel to Xuancheng Jinhai before February 28, 2022.

Xuancheng Jinhai plans to build two factories and a comprehensive office building on the parcel, with a total investment of 150 million yuan (including working capital). Among them, the investment in fixed assets is not less than 125 million yuan. After the completion of the project, it can provide more and better products and services for more domestic electronic product manufacturers and special industries.

It is understood that the purpose of this transaction is based on the strategic layout and overall development considerations, in order to better meet the market demand of users, improve market share, and enhance market competitiveness.

In order to better expand production capacity, serve more users, but also provide space for the company's further development, improve the company's sustainable profitability.

According to the data of Digbei.com, Hanwha Building Materials is mainly engaged in the research and development, production and sales of new indoor decorative materials such as PVC flooring, wood-plastic flooring, SPC flooring, PVC wall panels, and solid wood veneer composite flooring, and mainly provides green, environmentally friendly, waterproof, fireproof, non-slip, wear-resistant, inexpensive and beautiful decoration materials for schools, hospitals, shopping malls, hotels, office buildings, stadiums, clubhouses and other indoor buildings and indoor places such as residential buildings.

This article originated from the digging shell network

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