Qifeng New Material subsidiary to invest 150M yuan in nonwoven project

Zibo Oumu Specialty Paper Co., Ltd., a wholly owned subsidiary of Qifeng New Material, will invest 150 million yuan to build a 18,000-tonne-per-year nonwoven new material project in Zibo, China. The project includes production lines for plant fiber, synthetic fiber, and spunlace nonwoven, and is expected to be completed by May 2021.

“项目计划从2020年7月开工建设，预计于2021年5月竣工。”zqrb.cn

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• zqrb.cn齐峰新材全资子公司拟1.5亿元投建1.8万吨/年非织造新材料项目-证券日报网Jul 2, 2020

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