Shenda Co., Ltd. (600626): The Subsidiary Intends To Purchase Land And Build A Factory In Shenyang
Shenda Co., Ltd. (600626. SH) announced that the company held the 14th meeting of the 10th board of directors, deliberated and passed the proposal on supporting BMW 5 series project of Shenyang land purchase and construction plant of Shanghai Automobile Carpet General Factory Co., Ltd.
Main contents: Shanghai Automotive Carpet Factory Co., Ltd., a 60% owned subsidiary of the company, has built a new factory in Shenyang through a new wholly-owned subsidiary to support BMW 5-series car interior products. The total investment of the project is estimated to be about 133 million yuan, including the purchase of land to build workshops, the purchase of car carpet and the production line of inner front wall acoustic pad. It is estimated that the average annual sales of the project will be about 120 million yuan and the average annual net profit will be about 11 million yuan.
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