Sanxia New Materials announced that the company plans to jointly invest with its indirect controlling shareholder, Yichang State-owned Capital Investment Holding Group, in the Sanxia New Materials Lingang automotive and electronic glass project. The total investment of the project is about 2.6 billion yuan, of which the company will invest no less than 1.04 billion yuan. This investment aims to promote the company's product transformation and upgrade from architectural glass to high-end specialty glass such as electronic-grade thin glass, automotive glass, and ultra-clear industrial glass, further improving the glass industry chain layout and enhancing core competitiveness.
Hubei Sanxia New Building Materials Co LtdPlans to invest 1.04 billion yuan in a project to upgrade to high-end specialty glass, enhancing competitiveness.