The most popular AVIC Sanxin 44.6 million capital

2022-07-26
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AVIC Sanxin mineral Co., Ltd. increased its capital by 44.6 million yuan to complete the quartz sand project as soon as possible. On September 3, AVIC Sanxin announced that in order to complete the construction of the quartz sand project as soon as possible and timely solve the needs of special glass production raw materials, Hainan AVIC special glass, a wholly-owned subsidiary of the company, would increase its capital by 44.6 million yuan to AVIC Sanxin (Wenchang) Mining Co., Ltd

it is reported that Wenchang Mining Co., Ltd. is a wholly-owned subsidiary of Hainan AVIC special glass, mainly engaged in the processing and sales of quartz sand, zirconium and titanium, as well as the processing and sales of foam alkali, precision casting sand, chlorinated polyethylene waterproof coiled material gb12953 ⑵ 003 ultra-fine powder and coating. AVIC Sanxin said that in view of the fact that all the work of Wenchang mining company's project construction has been carried out, and a large amount of capital investment is urgently needed in land acquisition and leasing, plant construction, equipment purchase, mining right bidding, etc., Hainan AVIC special glass plans to increase the capital of Wenchang mining company by 44.6 million yuan in order to complete the construction of the quartz sand project as soon as possible and timely solve the needs of Hainan AVIC special glass's production raw materials

according to the company, quartz sand accounts for about 70% of the raw materials for special glass production and is an indispensable and important component

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