NewTechWood plans to implement the first phase of the Guangdong Meijia new environmentally friendly plastic-wood composite material project to increase production lines
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NewTechWood plans to invest CNY 158 million through its wholly-owned subsidiary Guangdong Meijia to construct the first phase of a new environmentally friendly plastic-wood composite material project, with a total estimated investment of CNY 282 million. The project is located in Huizhou City and is planned to have 20 PVC foam profile production lines and 5 aluminum-plastic co-extrusion profile production lines, with an expected annual revenue of approximately CNY 270 million after reaching full production. This investment will accelerate the industrialization process of PVC fireproof profiles and aluminum-plastic co-extrusion profiles
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