05 December 2011 06:44 [Source: ICIS news]
Construction of the PVC plant originally began in the second half of 2003, but was halted in August 2007 because a major shareholder declared bankruptcy, according to a company source.
Construction of the remainder of the PVC plant will require an investment of no more than yuan (CNY) 2.2bn ($346m) and is expected to take a year, according to the Hebei State-owned Assets Supervision and Administration Commission.
The commission approved the investment for construction of the remainder of the PVC plant in mid-November this year.
($1 = CNY6.35)
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