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South Korean turbo blower maker Turbomax signed an agreement on January 15, 2019 with Gangzha Economic Development Area in Nantong to build an energy-saving and eco-friendly equipment project with an investment of 195 million yuan on a 1.4-hectare site, targeting 500 million yuan in taxable sales within five years of production.
“With an investment of 195 million yuan ($28.78 million), the green project will cover an area measuring 1.4 hectares”govt.chinadaily.com.cn
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