Stellar Technology plans to build an annual production capacity of 120,000 tons of high performance silicone polymer project
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Stellar Technology (2.72 +0.00%, Diagnostics) announced that the company's wholly-owned subsidiary, Stellar Chemical, plans to invest in the construction of “Inner Mongolia Stellar Chemical Co., Ltd. with an annual output of 120,000 tons of high-performance silicone polymer project”, with a total investment of 2.107 billion yuan. Among them, 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.
