Yantai Wanhua announces CNY 5.7 billion investment

摘要

Yantai Wanhua has announced a further investment plan totalling CNY 5.7 billion (~EUR 686 million) for 2012. Overall investment plans currently being implemented exceed CNY 30 billion (~EUR 3.6 billion). This year, the company will invest CNY 3.41 billion (~EUR 411 million) in projects in the Yantai Industrial Park and CNY 1.84 billion (~EUR 222 million) in upgrading technical facilities in Ningbo. In addition, the company also plans to invest CNY 380 million in expansion projects with Ningbo Thermal Power Corporation and Donggang Electrochemical Corporation.