BEIJING, Nov. 29 (Xinhua) -- Zhejiang Xinan Chemical Industrial Group Co Ltd (600596. SH) recently inked a deal with Yanjin county government, south China's Yunnan province, on a 100,000-tonne industrial silicon project.
Xinan Chemical plans a total investment of 900 million yuan in the project which is scheduled to be completed within five years, according to the company's filling to the Shanghai Stock Exchange.
The phase I of the project is expected to realize profit of 60.74 million yuan/year after being put into operation, which could be raised even higher to 100.85 million yuan/year if the project could obtain policy support for integration of hydropower and silicon materials. (Edited by Jiang Feifan, Niu Huizhe)
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