Brief: Precision Tsugami (China) Corp To Construct New Production Plant In Anhui Province

Precision Tsugami (China)

21/03/2018 22:26

March 22 (Reuters) - Precision Tsugami (China) Corporation
Ltd  1651.HK :
    * INTENDS TO CONSTRUCT NEW PRODUCTION PLANT IN MA'ANSHAN,
BOWANG
DISTRICT, ANHUI PROVINCE, PRC
    * ‍EXPECTED THAT NEW PLANT CAN COMMENCE PRODUCTION IN 2020​
    * EXPECTS NEW PLANT TO PRODUCE 18,000 TON OF METAL CASTINGS
PER
YEAR AND 1,200 CNC HIGH PRECISION MACHINE TOOLS PER YEAR
    * AGGREGATE INVESTMENT AMOUNT IN RELATION TO INVESTMENT IS
CURRENTLY ESTIMATED TO BE ABOUT RMB200 MILLION
    * NEW SUBSIDIARY WILL BE ESTABLISHED WITH A REGISTERED
CAPITAL OF
RMB 50 MILLION

Source text for Eikon:  ID:nHKS7plMrw 
Further company coverage:  1651.HK 

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