Xinhua Corporation (603867.SH) plans to invest 153 million yuan in the construction of the second phase of the synthetic fragrance product base of Ningxia Xinhua Chemical Co., Ltd.

Intelligence Finance App News, Xinhua Chemical (603867.SH) released an announcement stating that in order to fully utilize the production, operation, and management experience, marketing network, infrastructure, public utilities, and service projects of Ningxia Xinhua Chemical Co., Ltd., the company plans to construct a new F workshop in the synthetic flavor production base of Ningxia Xinhua Chemical Co., Ltd., and to renovate the existing production line in the C workshop, increase the variety of flavor products, extend the company's industrial chain, reduce the overall production cost, enhance the company's product market competitiveness, and increase the company's economic benefits. The fixed asset investment of the project is 153 million yuan.