On August 28th, with a total investment of 1.5 billion yuan, Zhejiang Geerru New Materials Co., Ltd. has an annual output of 10,000 tons of special fluorine-containing functional materials projects.
The project is located in Kecheng Industrial Park, Donggang, Ganzhou. Gore plans to invest RMB 1.5 billion in three phases to build a new fluorine material deep-processing industrial park. The first phase of the project will invest 300 million yuan. After the project has reached full production, it is expected to achieve an annual output value of more than 7 billion yuan, sales income of 6.5 billion yuan, and annual profits of more than 2 billion yuan.
Glory is a wholly-owned subsidiary of Juhua Group. It was established in December 2010 and has a registered capital of RMB 100 million. It is mainly engaged in the research, development, production and sales of special functional materials containing fluorine.
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