Stellar Technology: plans to build an annual production capacity of 120,000 tons of high performance silicone polymer project
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Company News, Stellar Technology (002132) announced on the evening of January 2, the company's wholly-owned subsidiary Stellar Chemical intends to invest in the construction of "Inner Mongolia Star Chemical Co., Ltd. annual production of 120,000 tons of high performance silicone polymer project", the estimated total investment of 2.107 billion Yuan, of which fixed assets investment was 2.016 billion yuan and working capital was 90.692 million yuan. After the completion of the project, it is estimated that the annual sales will be 2.031 billion yuan and the investment profit rate will be 20.28%. If the project is implemented smoothly, it is expected to have a positive impact on the company's operating results for the coming years.
