Dongling grain and oil 340 million yuan to build Nansha production base

To expand the company's soybean processing scale and market share, consolidate and strengthen the regional market leading position, East Ling Oil (000893) to invest in the new Nansha production base of the second 5000 tons/day soybean processing production line and ancillary projects.　　Estimated total investment in fixed assets of about 340 million yuan, the required funds for the company self-financing and bank loans, the project is expected to add 260 million yuan loans. According to the company, the project is located in the Guangzhou Nansha District of Sha Town, Xin ' an industrial park, Guangzhou plant Yuan Oil Industrial Co., Ltd., covers an area of about 45000 square meters. The specific content of the project is to add a 5000 tons/day soybean processing pretreatment, leaching production line, supporting silo, boiler room, distribution equipment and so on, estimated total investment in fixed assets of about 340 million yuan.　　The project by the company's wholly-owned subsidiary of Guangzhou Sik Yuan Oil Industrial Co., Ltd. implementation of construction, construction period of 11 months. The announcement said that the project to the postpartum, the company can add 1.5 million tons of soybean processing capacity each year. After the project put into operation, the unit cost has been reduced, the operation efficiency and the capital efficiency are improved remarkably, the company's comprehensive strength is greatly enhanced. According to the financial calculation, the project is expected to produce a net profit of about 80 million yuan per year under normal conditions of postpartum, with good economic benefits, the project is financially feasible.