# BNBM subsidiary to invest 253M yuan in gypsum board line in Chongzuo

Beijing New Building Materials (BNBM) announced that its wholly-owned subsidiary Taishan Gypsum will invest 253 million yuan to build a 40 million sqm per year gypsum board production line in Chongzuo, Guangxi. The project is expected to be completed within 18 months from start of construction.

- Type: Investment
- Announced: 2021-08-19
- Where: Chongzuo, Guangxi, China
- Value: $39.0M (253.0M CNY)
- Status: announced
- Capacity: 40 million sqm per year
- Products: paper-faced gypsum board
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Beijing New Building Materials](https://endata.com/companies/44119.md)
- [Taishan Gypsum](https://endata.com/companies/57186.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/539575.html), 2021-08-19: "项目估算总投资为人民币2.53亿元，资金来源为自有资金和银行贷款。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.