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Xinhua Co.: Plans to invest 105 million yuan to build a new type of catalyst project
Xinhua Corporation Announcement: To further enhance the competitiveness of existing core products, expand new products, and improve product structure, the company plans to invest in the Ocean Base to build a new catalyst project. The total investment in the project is approximately 105 million RMB, of which 85 million RMB is for fixed assets. After the project is completed, a new catalyst production base with an annual capacity of 200 tons will be established. The construction period is expected to be 9 months, with an expected start date in June 2026.