Brief: CPMC Unit To Start Construction Of Two-Piece Can Factory In Shenyang City

CPMC Holdings

25/03/2022 04:22

March 25 (Reuters) - CPMC Holdings Ltd  0906.HK :
    * UNIT INTENDS TO COMMENCE PROJECT IN RELATION TO
CONSTRUCTION OF
TWO-PIECE CAN FACTORY IN SHENYANG CITY
    * TOTAL INVESTMENT AMOUNT IS ESTIMATED TO BE ABOUT RMB600
MILLION
    * ON COMPLETION OF CONSTRUCTION, PHASE 1 OF SHENYANG PROJECT
WILL
HAVE ANNUAL PRODUCTION CAPACITY OF ABOUT 1 BILLION TWO-PIECE
CANS
    * WHEN CONSTRUCTION OF PHASE 2 OF SHENYANG PROJECT IS
COMPLETED,
ANNUAL PRODUCTION CAPACITY WILL FURTHER RISE BY ABOUT 700
MILLION CANS
    * INVESTMENT IN SHENYANG PROJECT TO BE FINANCED BY
SELF-OWNED FUND
OF CPMC (HONG KONG) AND/OR INTERNAL ENTRUSTED LOANS

Source text for Eikon:  ID:nHKS6gLcpp 
Further company coverage:  0906.HK 

 ((Reuters.Briefs@thomsonreuters.com;))