SHANSHUI TECH plans to invest approximately 6 billion yuan to establish a new chemical new materials project to expand production capacity

According to the announcement from Dolphin Research APP, SHANSHUI TECH has signed an "Investment Framework Agreement" with the People's Government of Pengze County, intending to invest in the construction of a new chemical new materials project. According to the agreement, the total investment for the project is approximately 6 billion yuan, covering an area of about 1,000 acres, primarily producing new material chemical products. The project is expected to have a construction period of 4 years, and upon completion, it is projected to achieve an annual output value of 8 billion yuan and an annual tax contribution of 500 million yuan. The announcement stated that this investment is beneficial for meeting the company's business expansion and capacity layout