Asia
Shiny Chemical Industrial Unit Plans NT$1.23 Billion Changhua Plant Expansion; Shares Down 4%
Shiny Chemical Industrial's (TPE:1773) subsidiary, Hong Sheng Company, will invest around NT$1.23 billion to expand its Plant II at the Changhua Coastal Industrial Park, according to a Friday filing with the Taiwan Exchange.The investment will cover the construction of electronic-grade IPAHQ production lines, with funding coming from a combination of internal funds and bank financing.The chemical manufacturer aims to increase its electronic-grade solvent production capacity to meet customer demand, with the investment to be carried out progressively according to the construction schedule.Shares of the chemical manufacturer were down 4% in recent trade.
TPE:1773
