09 February 2012 06:31 [Source: ICIS news]
The company received the subsidy in early February from the Liaocheng Bureau of Finance, Luxi Chemical Group said in a statement to Shenzhen Stock Exchange.
The project will cost CNY2.5bn and is expected to be built in two phases within three years, according to the statement.
Luxi Chemical Group is a key fertilizer producer in
($1 = CNY6.30)
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