The hottest Minfeng special paper invested in the

Minfeng Special Paper Co., Ltd. has invested in the construction of the new 8 machine and the new 20 machine upgrading and technological transformation project

release date: Source: Shanghai Stock Exchange

mainly reflected in the ball screw, electromechanical, sensor and other components. Recently, Minfeng Special Paper Co., Ltd. issued the announcement on investing in the construction of the new 8 machine and the new 20 machine upgrading and technological transformation project, and the relevant contents are as follows

I Investment overview

(I) basic information of foreign investment

Minfeng special industry has a saying that it can meet gb228. Seed Paper Co., Ltd. (hereinafter referred to as the company) plans to invest a total of 369.6948 million in its own funds and bank loans to build a new 8 machine and a new 20 machine upgrading production line

(II) deliberation of the board of directors take out the crushed sample

this investment matter has been considered and adopted at the sixth meeting of the eighth board of directors of the company (9 in favor, 0 abstention, 0 against). According to the provisions of the articles of association, this investment matter needs to be submitted to the general meeting of shareholders of the company for deliberation and approval after being reviewed and approved by the board of directors. The project shall be implemented after being approved by the competent government department

(III) this investment and construction project does not belong to related party transactions and major asset restructuring

II. Basic information of the investor

the company is the only investor in the project, and there is no other investor

electronic tensile testing machine is a high-precision, high-tech material testing equipment. III. basic information of the investment project

(I) project name: the upgrading and technical transformation project of new machine 8 and new machine 20 of Minfeng Special Paper Co., Ltd

(II) construction site: Minfeng special paper new area, Shendang Town, Haiyan County, Jiaxing City

(III) main contents of the project: the main contents of the project include the upgrading and technical transformation production line of new unit 8 and new unit 20 (arranged in one workshop), water, electricity and steam supply, wastewater treatment station, plant outside line engineering, plant general layout engineering, etc. After the technical transformation project of the new No. 8 machine is put into operation, the annual sales volume is about 25000 tons. It is planned to produce high-grade aluminum foil lining paper and release base paper, cigarette packaging base paper, high-grade medical packaging paper, porcelain like decal paper and other products. After the new 20 machine technical transformation project is put into operation, the annual sales volume is about 25000 tons. It is planned to produce oil proof base paper and food packaging paper, release base paper, heat transfer paper (non base paper), dialysis paper and fruit bag paper

(IV) total project investment: the total investment of the above two technological transformation projects is expected to be 369.6948 million, including fixed asset investment of 253.3545 million, interest during construction of 6.5931 million, and working capital of 109.7472 million

(V) source of funds: the funds required for this project are provided by the company in the form of its own funds and bank loans

(VI) main indicators of the project: after the completion of the project, it is expected to achieve an annual sales revenue of 375.22 million, the financial internal rate of return (after income tax) of the project investment is 12.04%, and the investment payback period (after income tax, including construction period) is 8.65 years

(VII) project construction cycle: 24 months