Huamao (000850): Planned To Invest 600 Million Yuan In The Construction Of PLA Fiber Project

Huamao Shares (000850) announced in the evening of August 28 that, based on the excellent performance of polylactic acid fiber, combined with the company's product structure and industry advantages in textile fiber and its products, and in order to boost the sustainable development of enterprises, the company, after careful research, plans to build a new project with an annual output of about 100000 tons of polylactic acid fiber, with a total investment of about 600 million yuan. The annual output of the first phase construction is about 30000 tons, and the investment is about 210 million yuan.