HXIN plans to invest no more than 505 million yuan to build a production base for green biodegradable products
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According to the Zhitong Finance APP, HXIN announced that the company and/or its subsidiaries plan to use their own funds, bank loans, or other financing methods to construct a production base project for green biodegradable products in Changfeng County, Hefei City, Anhui Province, with a total investment not exceeding RMB 505 million. This investment is beneficial for the company to improve its industrial layout and product structure, expand its business scale, meet customer demand for green biodegradable products, and increase the production capacity of its advantageous products
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