August 1 -- Beijing Oriental Yuhong Waterproof Technology (002271) plans to invest 800 million yuan to build a non-woven fabric production base in Shandong province with annual capacity of 50,000 tons, reports yicai.com, citing a company filing.

Oriental Yuhong Waterproof Technology invested in the non-woven fabric production base in order to reduce its dependence on suppliers of non-woven fabrics and improve non-woven fabrics quality, as non-woven fabrics are raw materials of the company’s major product.

Source:CapitalVue