Shenzhen Fuanna Bedding and Furnishing (002327), a maker of bedding textiles, plans to spend 500 million yuan to build a home furnishing products production facility in Anhui, reports yicai.com, citing a company filing.
The investment will be divided into four phases, with the first two phases involving the construction of supplementary equipment.
Logistics, commercial, training and exhibition centers will be built in the third and fourth phases.
According to Fuanna Bedding, the facility will allow it to fully capitalize on the human resource advantages of the local area and to reduce logistics costs.