-+ 0.00%
-+ 0.00%
-+ 0.00%
Yuntianhua announced that Tianju New Materials, a wholly-owned subsidiary of the company, plans to invest 1,857 billion yuan to build a 100,000 tons/year high-end copolymer formaldehyde resin project in the Changshou District Economic Development Zone of Chongqing. Tianju New Materials invested 557 million yuan with its own capital, and settled the rest through bank loans, etc. The project is expected to commence in December 2026, with an estimated return on investment of 11.82%. The project is currently in the preparation stage, and there are risks such as construction progress and benefits falling short of expectations, financial guarantees, and process technology.
Share
Listen to the news
Yuntianhua announced that Tianju New Materials, a wholly-owned subsidiary of the company, plans to invest 1,857 billion yuan to build a 100,000 tons/year high-end copolymer formaldehyde resin project in the Changshou District Economic Development Zone of Chongqing. Tianju New Materials invested 557 million yuan with its own capital, and settled the rest through bank loans, etc. The project is expected to commence in December 2026, with an estimated return on investment of 11.82%. The project is currently in the preparation stage, and there are risks such as construction progress and benefits falling short of expectations, financial guarantees, and process technology.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending