China Taisan: To build new factory to increase production capacity by abt 50% or 12k tonnes annually. This is pending approval by authorities for land-use rights. Co has also acquired equipment of Rmb211.2m to increase capacity by 3.5k tonnes and improve quality...
The co expects delivery of these machines by end 1Q2011 and begin usage then. Funding to come from IPO proceeds, internal funds and bank borrowings. The expansion is planned due to utilisation rate exceeding 80% in prev quarters.
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