Oak shares 675 million investment in polysilicon chips

Securities Times reporter to the south of the Gonggeng in the field of cutting fluid after 7 years, the Austrian shares (300082) decided to expand downstream areas.　　The company announced today, plans to invest in "annual output of 500 MW polysilicon project", the project is expected to total investment of 675 million yuan, the project is completed and put into production, can achieve sales revenue of 3.85 billion yuan/year, the company will have a substantial long-term profitability improvement. Oak said that in the past seven years, the solar cell with the rapid development of crystalline silicon cutting fluid, so that the company's photovoltaic industry status and development prospects have a profound understanding and positive judgments, based on this, the company has produced this investment intention, in order to fully grasp the strategic development of new industries of great historical opportunity.　　Company "annual output of 500 MW polysilicon project" plan in Liaoning province Jinzhou Bay New Area Photovoltaic industrial park for investment construction, Jinzhou Bay new Zone is Liaoning Coastal Economic Belt Development Strategy, one of the key support areas. At present, the Austrian shares in the project related work to carry out a comprehensive and meticulous preliminary investigation, the new area of lung-Habitat Bay Investment Policy and other matters such as in-depth understanding.　　September 20 afternoon, the Austrian shares and local government departments signed the "annual output of 500MW polysilicon Project Investment Agreement", the local government promised to provide sufficient conditions for the company to ensure the normal implementation of the project, and the company can enjoy the local tax policy.　　The project was tentatively formulated in two-phase construction, one phase construction 200MW, the second phase construction 300MW, the initial estimated total investment 675 million yuan, the registered capital 203 million yuan, uses the Land 300 mu, estimated project all completed into production, may realize the sales income 3.85 billion yuan/year. If the investment plan is successfully implemented, the company will extend to the downstream product market on the basis of the existing operating structure, and can fully integrate the use of effective resources and increase revenue and profits, said the oak stock.