According to Zhitong Finance App, Wanma Co., Ltd. (002276.SZ) announced that in order to achieve a sustainable development strategy and enhance core competitiveness, the company's subsidiary Zhejiang Wanma Polymer Materials Group Co., Ltd. (hereinafter referred to as “Wanma Polymer”) plans to build a premium cable material factory project with an annual output of 100,000 tons in Qianzhen, Lin'an District, Hangzhou. The total investment of the project is estimated at about 450 million yuan.

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