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Under the approval made in the meeting of BOD of Jiangxi Changjiu Biochemical Industry Co., Ltd. (CJBL), Jiangxi Changjiu Agricultural Technology and Chemical Co., Ltd. (the subsidiary of CJBL) will newly build the acrylamide manufacturing equipment with the annual output of 25 thousand tons based on the current annual output of 20 thousand tons. And the planned investment for this project is RMB 61 million, among which RMB 40 million will come from loans and RMB 21 million will be self-raised.
This project will be formally started on Jun 6th 2007 with the construction cycle of 6 months. Besides, the company will reconstruct the existing equipments and, the annual production capacity after completion is expectable to reach 65 thousand tons.
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