More than 800 million investment in PV projects in Hengdian East

After the production of solar cell production lines and solar monocrystalline silicon wafer project, Hengdian East magnetic New project into the solar photovoltaic industry. Hengdian East Magnetic Today announcement, the company intends to build the East Magnetic Photovoltaic Park and invest in 300MW crystalline silicon solar cell and 50MW component project in West Ring Road of Hengdian.　　The project approval total investment of 873 million yuan, of which the new construction assets investment of 707 million yuan, bedding liquidity 166 million yuan.　　The company expects that the project will reach the production capacity of 300MW crystalline silicon solar cell and 50MW solar module every year, and realize the annual sales revenue of 3.1 billion yuan and the total annual profit of 304 million yuan. The company said that if the project successfully implemented, can effectively improve the company's products market competitiveness, to improve product structure, expand the scale of efficiency, improve the economic efficiency and market competitiveness of enterprises, enhance the development of enterprises.