04 May 2012 10:55 [Source: ICIS news]
Construction of the facility began on 25 April this year and is expected to be completed in 18 months, the statement said.
The new SM unit is the first of a two-phased (CNY) 300m ($47.6m) project that the firm is investing in, according to a source with the local government.
The firm plans to add CNY10bn to its yearly revenues once it achieves commercial operations at the two-phased project, the source added.
($1 = CNY6.3)
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