Hu An: To expand annual production capacity of its copper rods business from the existing 21k tons to 75k tons. Total est cost of Rmb88.9m (S$17.5m) will be financed through proceeds raised from the issuance of TDRs in Oct 2010…
Plant is expected to be completed by Sep 2011. The new production line is expected to increase daily quantity from 80 tons to 300 tons, operate more efficiently and produce quality consistent rods. Co is one of few players with license to produce these products allowing it to tap China’s demand of copper. Impact shld be mildly positive with results to show in the longer term through increased sales.
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