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Baomo Co., Ltd.: Subsidiary invests RMB 78.63 million to build a polyacrylamide and oilfield auxiliary agent project

2026-06-04 23:01:38

Baomo Co., Ltd. announced that its wholly-owned subsidiary, Dongying Baomo Environmental Engineering Co., Ltd., plans to invest in the construction of an annual production of 30k tons of polyacrylamide project and an annual production of 100k tons of oilfield auxiliary agent project, with a total investment of 78.63 million yuan. The funding sources are self-owned funds and bank loans. The project aims to expand production capacity, reduce production costs, diversify product structure, and enhance market competitiveness and profitability.

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