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LINTAI New Materials: Subsidiary plans to invest 500 million yuan in Su-Xi-Tong Technology Industrial Park
Lantai New Materials announced that its wholly-owned subsidiary Nantong Lantai plans to sign an investment agreement with the Jiangsu Nantong Suxitong Science and Technology Industrial Park Management Committee, with an investment of 500 million yuan in the Suxitong Science and Technology Industrial Park to expand its investment projects. The project involves Nantong Lantai Kexi New Material Technology Co., Ltd.'s friction material application expansion and new carbon fiber composite material construction project, located on approximately 76 acres of land at the block west of Jiangda Road, north of Haidi Road, east of Dongfang Avenue, and south of Haibin Road in the park. The construction period is within 2 years after commencement, with production starting upon completion.