960 million building fertilizer project of Hongda stock Company

Xing Bai British Hongda shares (600331) announced that the company's board of Directors approved the holding subsidiary of Sichuan Mianzhu Chuan Run Chemical Co., Ltd. to invest in the construction of 200,000 tons of ammonia-300,000 tons urea, 300,000 tons of compound fertilizer/year construction project. The bulletin shows that Mianzhu 200,000 tons of synthetic ammonia-300,000 tons of urea, 300,000 tons of compound fertilizer/annual construction project Technology maturity, is Mianzhu Chuan-run combined with enterprises and local advantages, and actively adjust product structure and post-disaster reconstruction of important measures. The project is intended to invest 960 million yuan, of which: its own capital of 360 million yuan, domestic loans of 600 million yuan. After the completion of the project, can make Mianzhu chemical fertilizer products upgrade, ammonia, urea, compound fertilizer will become the new economic growth Point Mianzhu chuan-run. is expected to increase the annual sales revenue of 1.28 billion yuan, profit 160 million yuan, tax 71 million yuan.　　Not only make the development of Mianzhu Chuan run a new level, but also a better return to the listed companies. Mianzhu Sichuan Run registered capital of 8,343.500,000 Yuan, HTC owns 94.21% of its shares, the company is mainly engaged in liquid ammonia, ammonium bicarbonate, activated calcium phosphate and other fine chemical products production and sales.