07 April 2011 08:36 [Source: ICIS news]
SHANGHAI (ICIS)--China Haohua Chemical (Group) announced on Thursday that it has started building a 1m tonne/year polyvinyl chloride (PVC) and one 800,000 tonne/year caustic soda project in southwestern Guizhou province.
The first phase will take about 18 months to complete and will cost yuan (CNY) 3bn ($458m). It will yield 300,000 tonnes/year of PVC and 300,000 tonnes/year of caustic soda, the company said.
The company has not confirmed a timeframe for the remaining capacities.
China Haohua Chemical is a wholly state-owned chemical enterprise group which is headquartered in Beijing.
($1= CNY 6.55)
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