Released on April 17 - Acetylation Shares (603968) announced in the evening that in order to meet the market demand for acesulfame potassium, Nantong Horizon Chemical Co., Ltd., a wholly-owned subsidiary of the company, intends to invest in the construction of a "63,000 tons of ammonium sulfate project with an annual output of 15,000 tons of acesulfame potassium by-product", with a planned investment of about 280 million yuan.
Acetate said that the successful implementation of the above investment projects will further optimize the company's product structure, improve the company's competitiveness, and can form a synergy effect with other products produced by the company, improving the company's overall economic efficiency.
This article originated from Easy Publishing