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Shinghwa Advanced Material Plans to Invest 722 Million Yuan in Electrolyte Plant Construction

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Shida Shinghwa Advanced Material Group (SHA:603026) plans to invest 721.5 million yuan to construct an electrolyte plant, according to a Shanghai bourse filing on Tuesday.

The basic organic chemical products manufacturer will implement the construction through its subsidiary, Dongying Shenghua Lida Chemical Technology.

The plant, which will produce 200,000 tons of electrolyte every year, will be located in Dongying City, Shandong Province, occupying a land area of 93,598.93 square meters, with a planned construction period of 12 months.

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