Shida Shinghwa Advanced Material (SHA:603026) subsidiary Shenghua New Materials Technology (Lianjiang) will invest 687.1 million yuan for the construction of a lithium battery electrolyte facility.
The factory, which will be located in Lianjiang, Fujian, China, will have a capacity of 200,000 tons per year across an area of 100,003 square meters. Construction is slated for 12 months, according to a Friday filing with the Shanghai bourse.
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